News hit the internet today that head of The Redeemed Christian Church Of God, Pastor Enoch Adejare Adeboye, has retired as the general overseer of the Nigerian arm of the church and appointed a new head.
Misconceptions are however that the pastor retired fully from his duties as general overseer of the RCCG but we can confirm to you that Pastor Adeboye only stepped down as the head of he Nigerian arm of the church but he is still oversees the global arm of the church.
WHY PASTOR ADEBOYE RESIGNED
Mr.
Adeboye referred to the governance code as he announced his decision to give up
the position on Saturday, church leaders who attended the session, said.
The code,
proposed in May 2015, limits the number of years heads of corporate
organisations can stay in office. It is mandatory for the private sector.
The Code
of Governance for Not-for-Profit entities is “Comply or Justify
non-compliance.”
It is
under the Not-for-Profit category that churches like the RCCG come under.
The code
was later suspended, reportedly after the Attorney General, Abubakar Malami,
opposed its implementation.
It was
unclear whether Mr. Adeboye knew the proposal had been suspended.
While
announcing the governance code in October 2016, the Financial Reporting
Council, FRC, had said it would take effect from October 17, 2016
FRC said,
“In accordance with Section 50 of the Financial Reporting Council of Nigeria
Act, 2011, which among other things requires the Directorate of Corporate
Governance to develop the principles and practices of Corporate Governance
applicable in Nigeria, the Council hereby releases the National Code of
Corporate Governance effective 17th October 2016.”
It further
said, the “Code of Governance for the Public Sector will not be applicable
immediately until an executive directive is secured from the Federal Government
of Nigeria. This is due to the fact that the enabling laws that set up most
government establishments already carry some form of governance structure that
will require an umbrella legislation to unify the different provisions of those
laws to synchronise with this Code.”
Mr. Malami
later wrote a strong opinion against it.
Mr.
Adeboye had on Saturday surprised the top echelon of the RCCG by stepping down
from direct leadership of the church in the country. He appointed Joshua
Obayemi as the National Overseer of the church in Nigeria.
Mr.
Obayemi, who was Special Assistant to General Overseer on Finance, was appointed
at the annual Ministers Thanksgiving at Shimawa, Ogun State.
Mr.
Adeboye will however remain the General Overseer of the RCCG Worldwide.
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