Wednesday, 11 January 2017

Bishop David Oyedepo confirms suspension of the Corporate Governance Code (For Not-for-profits)

A Corporate Governance Code (For Not-for-profits) such as churches and mosques was passed during the tenure of former President Goodluck Jonathan in 2016.

On Saturday morning, the General Overseer of the Redeemed Christian Church of God (RCCG) complied with the code by resigning and appointing Pastor Joshua Obayemi as the National overseer.

Afterwards, there were speculations that other pastors like Bishop David Oyedepo, Reverend Sam Adeyemi, Dr Olukoya among others would also be affected by the code.

However, report reaching me indicate that Bishop David Oyedepo has confirmed that the Corporate Governance Code has been suspended and the Executive Secretary of the Financial Reporting Council (FRC), Mr. Jim Obazee has been dismissed.

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