FRC boss clinches Africa leader of integrity merit award

The Executive Secretary of the Financial Reporting Council of Nigeria (FRC), Mr. Jim Obazee, has won the African Leader of Integrity Merit Award for exemplary leadership and Economic Development in Africa.

The Media/Communications Consultant to the Council, Mr. Mack Ogbamosa, said in a statement that the award was bestowed on the FRC helm in recognition of his enormous contributions to the nation’s economy through his resolved efforts in entrenching transparency and accountability in financial reporting.

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 held at the University of Ghana,Legon, Ghana, the president of Proven Integrity Communications Network Limited, the organizers 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 organizers 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 the 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.

The council was established under the Financial Reporting Council Act No 6, 2011, and is charged with regulating accounting, auditing, actuarial and valuation standards as well as development, issuance and enforcement of the code of corporate governance to ensure transparency, probity and accountability in both public and private sectors of the nation’s economy.