REVEALED: Why Pastor Adeboye stepped down as head of Nigeria’s Redeemed Church | Nigeria News Today. Your online Nigerian Newspaper f


The General Overseer of the Redeemed Christian Church of God, Enoch Adeboye, stepped down as head of the church in Nigeria in line with a proposed Corporate Governance Code in Nigeria.

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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  1. I concur to Government's inquiry into Financial Reports of Religious Organisations.

    This is in the interest of the Nigerian masses who are mostly members of these Religious Organisations due to the exploitative tendencies & extravagant lifestyle of some of their leaders.

    However, interference with their leadership tenures, is totally unacceptable, as some of them may be truly called by God, which is tantamount to hindering the work of God.

    But, as it is practiced in Orthodox Churches, the Pentecostal Churches should show strict adherence to the Bible by being open about their finances. They should be holy enough to render Open Financial Account to their members.

    I see all these melodrama as a ploy to divert attention from the core issue which bothers on Financial Accountability to entire congregations and membership. To whom much is given, much should also be expected. Orthodox Churches render Open Financial Account to their congregation and membership, the Pentecostal Churches should follow suit and do the same.

    May almighty God deliver Nigeria.

    We need deliverance oooooo....


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