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Buhari approves reconstitution of FRCN

President Muhammadu Buhari has approved the immediate removal and replacement of the Executive Secretary and the reconstitution of the board of Financial Reporting Council of Nigeria (FRC).

Disclosing this in a statement on Monday was the Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, who said his principal had appointed a Chairman and a new Executive Secretary for the council.

The new Council as approved by the President has Mr. Adedotun Sulaiman (MFR) as Chairman.

According to the statement, “Mr. Sulaiman was a former Managing Partner/Director of Arthur Anderson and later, Accenture. He is a Chartered Accountant and a product of the University of Lagos and Harvard Business School.

“The President has also approved the appointment of Mr. Daniel Asapokhai as the Executive Secretary of the Council.

“Mr. Asopokhai is a partner and a Financial Reporting Specialist at the PricewaterHouseCoopers (PWC), Nigeria.

“He is a product of the University of Lagos and the University of Pretoria,” Garba Shehu said in the statement.

In the meantime, President Muhammadu Buhari was said to have also instructed the Minister of Industry, Trade, and Investment to invite the nineteen ministries, departments and agencies of the Federal Government and private sector organisations specified in the FRC Act to nominate members of the board of the council.

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