Minister Orders FRCN to Reverse Directive That Caused Adeboye’s Retirement

Minister Orders FRCN to Reverse Directive That Caused Adeboye’s Retirement

Okechukwu Enelamah, Nigeria’s Minister of Industry, Trade and Investment has clashed with the Executive Secretary of the Financial Regulatory Council of Nigeria (FRCN) Mr. Jim Obazee over the code of governance that stipulated that heads of NGOs should retire after 20 years in service.

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The Minister ordered Mr. Obazee to reverse the implementation of the controversial regulation but Mr. Obazee said there was no gazette that the Act had been amended or suspended.


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