Governance code: Minister, FRCN boss clash over Adeboye, others

There are strong indications that the Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, and the Executive Secretary of the Financial Regulatory Council of Nigeria, Mr. Jim Obazee, are currently engaged in a face-off over an FRCN regulation, which stipulates 20 years tenure for heads of religious groups and civil society groups in the country.

The PUNCH reliably gathered in Abuja on Sunday that the minister had written the FRCN boss, directing him to suspend the implementation of the controversial regulation.

But it was learnt that Obazee defied the instruction of the minister, insisting that the implementation of the regulation would go ahead.

Findings showed that Obazee said the implementation of the regulation could not be suspended because there was no gazette that indicated that it had been amended or suspended.

It was gathered that though the minister’s letter to the FRCN boss was written on October 17, 2016, the council had insisted on the resignation of heads of other affected groups.

Punch, January 9, 2017

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