6 'sins' of Obazee, the man who compelled Adeboye to step down

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Jim Obazee was not popular until he decided to enforce the corporate governance code which compelled Pastor Enoch Adeboye to step down.

The code stipulated a term limit of not more than 20 years for heads of churches in Nigeria and Adeboye had to appoint Pastor Obayemi as the national overseer of the Redeemed Christian Church of God (RCCG) since he was appointed 1981, and had spent more than 20 years as leader.

Obazee was fired as the executive secretary of FRCN by Buhari on Monday

This quickly sparked reactions from several quarters and many frowned at the decision.

On Monday, January 9, President Muhammadu Buhari fired Obazee as the executive secretary of the Financial Reporting Council of Nigeria (FRCN) and appointed Daniel Asapokhai to replace him.

Obazee is said to have courted several controversies and below are some of his ‘sins’.

1. He dared the powers that be

The FRCN is one of the parastatals under the supervision of the Ministry of Industry, Trade and Investment. It was learnt that the Minister of Industry, Trade and Investment, Okechukwu Enelamah, had asked Obazee not to implement the controversial code but he refused the instruction of the minister and turned a deaf ear.

2. Suspended the chairman of Stanbic IBTC

In 2015, Obazee suspended Atedo Peterside as chairman of Stanbic IBTC. He also imposed a N1 billion fine on the bank.

READ ALSO: Pastor Adeboye’s retirement: Buhari fires FRC chief, CAN reacts

3. The sack of Sanusi Lamido Sanusi as CBN governor

It was Obazee’s Financial Reporting Council recommended the sack of Sanusi in In 2014. The former president, Goodluck Jonathan relied on a report by Obazee which accused Sanusi of financial recklessness to sack him.

4. Accused of sexual assault

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staff of FRCN and Obazee’s personal assistant, Abimbola Patricia Yakubu, accused him of sexual harassment, oppression, humiliation and intimidation in 2013. She claimed that would keep her in the office after hours just to talk her into having sex with him and he made sexual advances toward her during their official travels together. Obazee denied the allegations, saying he fired her because she wasn’t delivering at work.

5. Obazee and controversy with the Church

He was a zonal pastor of the RCCG but was reportedly suspended for four years for his disgraceful action. It was recently that he warned religious bodies particularly churches to make their financial statements public or they will stripped of their status as non-profitable organisations and be listed as profitable entities.

However, religious bodies feel it is wrong to be compelled to disclose their accounts publicly and are in court against the FRC to seek redress.

READ ALSO: Omokri shows evidence to prove Jonathan didn’t create controversial FRC policy

6. Allegations of corruption

Report has it that the Economic and Financial Crimes Commission (EFCC) is reviewing multiple petitions against Obazee. He is being accused of using proxies and phoney consultants to siphon tens of millions of naira belonging to the FRCN.

Meanwhile the controversial Corporate Governance Code has been suspended. Enelamah said the federal government suspended it to allow for a detailed review and extensive consultation with stakeholders as well as reconstitution of the board of the FRC.

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