The prayers offered by church leaders/founders like Bishop David Oyedepo of the Living Faith Church (Winners Chapel); Pastor Williams Foloruso Kumuyi of the Deeper Bible Life Ministries; Bishop Mike Okonkwo of the Christian Pentecostal Mission; Pastor Chris Oyakilome of Christ Embassy, among others, seems to have been answered on Monday, as the Federal Government, announced the suspension of the Corporate Governance Code.
It was based on the code that requires General Overseers of Nigerian indigenous churches to retire after 20 years in the saddle or attaining the age of 70, that Pastor Enoch Adejare Adeboye, on Saturday announced his retirement as General Overseer of the Redeemed Christian Church of God (RCCG), one of the largest and fastest growing churches in the country.
Announcing his retirement to shocked listeners during the church’s Ministers’ conference, “Daddy GO” as Adeboye is fondly referred to, announced the appointment of Pastor Joseph Obayemi, his former deputy in charge of finance to take charge of the Nigerian arm, while he retains the position in the global church.
In Monday’s statement, the Federal Government said the suspension of the code is to allow for “a detailed review, extensive consultation with stakeholders and reconstitution of the FRC.”
In another statement also on Monday, the Presidency announced the appointment of Daniel Asapokhai as replacement for Jim Obazee, FRC’s chief executive, just as the board was reconstituted with Adedotun Suleiman, former managing director of accounting and audit firm- Accenture as chairman.
Obazee’s sack has been linked to Saturday’s ‘retirement’ of Adeboye, widely interpreted as an embarrassment of the revered cleric at a time one of his pastors- prof. Yemi Osinbajo is Vice President of the country.
The statement announcing suspension of the code by Ms. Constance Ikokwu, Strategic Communications Adviser to the Dr. Okechukwu Enilama, Minister of Industry, Trade & Investment, restated the Federal Government’s commitment “to restoring and enhancing market confidence and improving the ease of doing business in Nigeria.”
Enilama, the statement continued, also stressed the administration’s commitment “to strengthening FRC and enhancing its capacity to fulfill its core mandate,” being a parastatals under the ministry’s supervision.