GTB 737 banner Yudala banner

The government rule that forced out Adeboye as RCCG General Overseer (FULL DETAILS)

By News Express on 08/01/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 1,735

 •Pastor Adeboye.
•Pastor Adeboye.

Pastor Enoch Adejare Adeboye took many by surprise when he suddenly announced his retirement as General Overseer of the Redeemed Christian Church of God (RCCG) during the Annual Ministers Thanksgiving of the church held yesterday at the Redemption Camp located along the Lagos-Ibadan Expressway.

It turned out that he was forced to take the decision due to the Financial Regulations Council rule had stipulates a maximum period of 20 years for the heads of all registered churches, mosques, and civil society organisations in Nigeria to quit. The law forbids them from handing over to any family member.

The FRC was established by the Financial Reporting Council of Nigeria Act, No. 6, 2011. It is under the supervision of the Federal Ministry of Industry, Trade and Investment. The Council is responsible for, among other things, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria; and for related matters.

Governance Code 2016 of the Act encompasses three sectors: the private, the public and not-for-profit. It is the not-for-profit sector, sometimes referred to as the Benevolent Sector, the Third Sector or the Civil Society Sector, that religious bodies fall under.

The code read in part, “The founder or leader of a NFPO (not-for-profit) occupies a special position in the organisation and is committed to the success and longevity of the NFPO. Accordingly, a founder or leader should not take on too many responsibilities in the organisation or have an indefinite term in the running of the organisation.

“Where, for any reason, a founder or leader of NFPO also occupies any of the three governance positions of chairmanship of the board of trustees, the governing board or council, and the headship of the executive management (or their governance equivalents), the following provisions shall apply before the end of the organisation’s financial year in which this code takes effect.

“The founder or leader shall cease to occupy these three governance positions simultaneously. This is to ensure the separation of powers and avoid possible concentration of powers in one individual.

“The founder or leader may however choose – subject to the agreement of the organisation’s apex authority as expressed in the annual general assembly, annual meeting, annual stakeholder engagement, annual conference, annual synod, annual fellowship assembly or their equivalents – only one of these three governance positions subject to his current tenure. This is to ensure a clear division of responsibilities at the head of the organisation between the running of the governing body and the executive responsibility for the management and fulfilment of the organisation’s mission.

“Where the founder or leader has occupied all or any of these three governance positions for more than twenty years, or is aged seventy years or above, the choice in the section above should only relate to the board of trustees as in section below, except the constitution of the organisation otherwise provides.”

Source News Express

Posted 08/01/2017 1:41:01 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
North Korea’s defence minister reportedly executed with anti-aircraft...

2019: Federal lawmaker applauds Amosun’s support for Ogun...

Facebook: Zuckerberg under investigation

Ivorian ‘golden generation’ set for glory as 2015...

In defence of Education Minister, By Hafsat Magaji...

Police Special Squad nabs 25 armed robbery suspects...

CCT bows to Supreme Court on Saraki

3 die, 1 injured as 4-storey building collapses...

Nembe communities in Bayelsa reject ‘Greek Christmas gift’...

FG to unveil new national aviation policy in...

BREAKING NEWS: Wike loses at the Supreme Court...

Withdrawal of HIV/AIDS funding spells doom — Saraki...

 

Latest News The Chinese Prince and the Starving Tigers UK frustrates Nigeria’s efforts to close down Radio Biafra Adegboruwa faults proscription of IPOB, says it is faulty in law Lagos establishes special security squad to protect schools Nurses, midwives join nationwide strike Nigerian Nationals in USA condemn Nigerian Army’s alleged barbarism in South-East Arewa Youths, Igbos sign peace pact in Awka Africa is the next maritime investment haven — NIMASA DG Judge stalls proceedings in application seeking permanent forfeiture of $5.7m by Patience Jonathan Public officers who embezzle public funds are thieves, says Primate Okoh Oil Wells: Rivers APC demands apology from Wike EFCC commends CJN over anti- corruption courts

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (278,479 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (260,365 views) Shameless Genevieve Nnaji exposes breasts in public (211,468 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (177,605 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (176,701 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (158,294 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (136,688 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (126,758 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (120,266 views) Lagos plane crash: Journalist releases victims’ names (111,199 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (110,377 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (102,737 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (28) Business (2,693) Business Verdict (22) Columnists (742) Complaints & Requests (93) Enterprise & Opportunities (178) Entertainment (378) Features (487) Global Business Monitor (178) International (1,543) Interviews (129) Live Commentary (28) Love Matters (73) News (28,558) Opinion (809) Pidgin (8) Politics (3,935) Religion (627) Sports (1,322) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Manchester United vs Everton 4-0 All Goals & Extended Highlights

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!