Investigations
have revealed the reason why Jim Obazee was swiftly axed by President
Buhari over the controversial resignation of Pastor E.A Adeboye of RCCG.
Jim Obazee
The former Financial Reporting Council boss, Jim Obazee,
was sacked for disobeying a directive of the Minister of Industry,
Trade and Investment, Mr. Okechuckwu Enelamah, The PUNCH learnt.
Enelamah had earlier recommended to Buhari that the implementation
of the controversial corporate Governance Code 2016 be suspended.
A top government official, who spoke with a Punch correspondent on
condition of anonymity, said the President approved Enelamah’s
recommendation and the minister thereafter conveyed the decision to
Obazee.
The source said, “Since the minister had conveyed the
President’s approval that the implementation should be suspended, it was
taken for granted that it had been suspended.
“Surprisingly, the Presidency received a report that during the
Christmas period, Obazee hosted chief executives of some quoted
companies to a dinner.
“It was at that dinner that he reportedly told his guests that the law had taken effect and would be implemented.
“The report got to the government and the President was angry about it.”
The President of the National Council of The Nigerian Stock
Exchange, Mr. Aigboje Aig-Imoukhuede, was said to have led the chief
executives of companies to the dinner.
Another source, who confirmed the development, said Buhari sacked
Obazee and dissolved the board of the FRC on Monday based on the
recommendation of Enelamah.
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