FRC CEO WINS AFRICAN LEADER OF INTEGRITY MERIT AWARD

The Executive Secretary of the Financial Reporting Council of Nigeria, FRC, Mr. Jim Obazee, has won African Leader of Integrity Merit Award for exemplary leadership and Economic Development in Africa. In a statement by the Media/Communications Consultant to the Council, Mr. Mack Ogbamosa, the award was bestowed on the FRC Chief Executive Officer in recognition of his enormous contributions to the nation’s economy through his resolved efforts in entrenching transparency and accountability in financial reporting at a ceremony held in the University of Ghana,Legon,  Ghana. While Conferring the award on the FRC CEO, Obazee, who was represented by Mr. Adeshola Amao  of the Directorate of Corporate Governance of the Council at the 13th Africa Leadership Development Conference and Awards Gala Night, the president of Proven Integrity Communications Network Limited, the organisers of the award, Mr. Onwordi Onichabor, said the award was for those Distinguished and Notable Personalities who have excelled greatly in their respective businesses and professional endeavours. He also said Obazee was particularly recognized because of his relentless efforts at sanitizing the financial sector of the country through formulation and enforcement of financial standards. The recipient, while receiving the award, thanked the organisers for the recognition and dedicated the award to members of staff of the FRC, adding that the honour was not only in recognition of his personal efforts but also that of the entire staff of the Council. The FRC boss noted that the impact of the Council’s enforcement of accounting, auditing, actuarial and valuation standards as well as entrenchment of good corporate governance is already manifesting in this era of adherence to rules, regulations and standards as the hallmark of the administration of President Muhammadu Buhari. Obazee has won many awards both within and outside the shores of the country for his doggedness and groundbreaking achievements with the Council in ensuring that businesses are conducted in the country in accordance with laid down rules. These awards include among others, African Par Excellence Award 2015, Public Administrator of the Year award, Lifetime Achievement Award for Competency/Distinctiveness in Public Service by Nigeria Media Nite-out Award 2015, CEO of the Year by Ikeja City Award 2016 as well as Crime Reporters Association of Nigeria, CRAN Award of Excellence for service. Established under the Financial Reporting Council Act No 6, 2011, the FRC is charged with regulating accounting, auditing, actuarial and valuation standards as well as development, issuance and enforcement of  code of corporate governance to ensure transparency, probity and accountability in both public and private sectors of the nation’s economy.