RUMPUS OVER CODE

The Nation Editorial of Wednesday 18 January 2017.

Rumpus over Code

Take another look at the FRC Act. Jim Obazee has learnt a bitter lesson following his sack by the Federal Government over his zeal to enforce the Governance Code of the Financial Reporting Council (FRC) he presided over had generated. The former Executive Secretary of the council was summarily sacked without efforts to give him a hearing.

It was yet another indication that the government could sacrifice anyone if ever it feels embarrassed by actions taken by him or his agency. The code aims at regulating practices within the churches, mosques and other registered Not-for-Profit Organisations. The code had claimed a big victim in the person of Pastor Enoch Adeboye who was the General Overseer of the Redeemed Christian Church of God (RCCG).

The persona of Pastor Adeboye looms very large and his word was law. He presided over the church, all its divisions and structures. This, the FRC frowned at, arguing that a spiritual leader should not at the same time have the last say on spending and administration.

The US based record label VP RECORDS has just signed a Nigerian fast rising US based act TKROSS

Remember VP records? Home to so many great artistes that have won the Grammy repeatedly,home to Patoranking and Stoneboy as only African acts? Rumour has it they've just copped the signature of another artiste, Nigeria's fast rising act based in the US, TKROSS!

 Our inside source didn't give us the full scoop but says an announcement would be made in a couple of days... We hear the deal was made possible by Grammy award winning producer Stanley "Rellee" hayden of A-team music who is a great fan of TKROSS' music and have a production deal with him.