According to reports, the House of Representatives has ordered a “detailed” public hearing on the activities of Financial Reporting Council of Nigeria (FRCN), particularly the Council’s decision to fix the tenure of the leadership of religious organisations.
The House passed the resolution on Wednesday in Abuja at a session which was presided over by the Speaker, Mr. Yakubu Dogara. It came after members debated and endorsed a motion moved by the Minority Leader of the House, Mr. Leo Ogor.
Lawmakers also clarified that no agency of the Federal Government was empowered by any law passed by the National Assembly to determine how many years a religious leader should serve in office.
In the extant case of the controversial Good Governance Code formulated by the FRCN for non-profit organisations, the lawmaker stated that the National Assembly had no knowledge of it.
The motion stated, “The House is concerned that the Governance Code, formulated by the Council, as it relates to heads of non-profit making organisations, is a clear usurpation of the powers of the National Assembly as stipulated in Section 4 of the Constitution of the Federal Republic of Nigeria, 1999.
“Also concerned that the National Assembly has not, in any way, approved the corporate governance code as it did with the Building Code.
“The House is convinced that codes of corporate governance must be in conformity with international best practices.
“Worried that an overzealous chief executive officer of a regulatory body can misinterpret or misapply the provisions of the code as can be clearly seen in the case of the FRCN.”
In performing its duties, Ogor pointed out that the FRCN was to restrict itself to accountability, transparency and probity in pursuing corporate governance principles in public and private organisations.
“No law, enacted by the National Assembly, empowers any agency to set the tenure of office for heads of non-profit organisations,” he added.
The Chairman, House Committee on Ethics/Privileges, Mr. Nicholas Ossai, took the same position as Ogor.
He told the House that though the FRCN was empowered to function, the issue of fixing how long a religious leader should be in office was off its bounds.
Ossai added, “This is because we are talking about the things of God here. The tenure of religious leaders is determined by God, not man.
“Besides, delegated legislation like the FRCN code should have been forwarded to the National Assembly for approval. The code in question was never forwarded to the National Assembly.”
Two other members, Mr. Istifanus Gyang, and Mr. Sunday Karimi, berated the former leadership of the FRCN for its actions in implementing the controversial code.
On his part, a former Deputy Minority Whip, Mr. Garba Mohammed-Dhatti, called for rigorous monitoring of the activities of agencies to prevent them from abusing their delegated powers.
“Overzealous heads of agencies can abuse delegated powers. They have to be properly monitored to save us from embarrassment.”
The House passed the resolution on Wednesday in Abuja at a session which was presided over by the Speaker, Mr. Yakubu Dogara. It came after members debated and endorsed a motion moved by the Minority Leader of the House, Mr. Leo Ogor.
Lawmakers also clarified that no agency of the Federal Government was empowered by any law passed by the National Assembly to determine how many years a religious leader should serve in office.
In the extant case of the controversial Good Governance Code formulated by the FRCN for non-profit organisations, the lawmaker stated that the National Assembly had no knowledge of it.
The motion stated, “The House is concerned that the Governance Code, formulated by the Council, as it relates to heads of non-profit making organisations, is a clear usurpation of the powers of the National Assembly as stipulated in Section 4 of the Constitution of the Federal Republic of Nigeria, 1999.
“Also concerned that the National Assembly has not, in any way, approved the corporate governance code as it did with the Building Code.
“The House is convinced that codes of corporate governance must be in conformity with international best practices.
“Worried that an overzealous chief executive officer of a regulatory body can misinterpret or misapply the provisions of the code as can be clearly seen in the case of the FRCN.”
In performing its duties, Ogor pointed out that the FRCN was to restrict itself to accountability, transparency and probity in pursuing corporate governance principles in public and private organisations.
“No law, enacted by the National Assembly, empowers any agency to set the tenure of office for heads of non-profit organisations,” he added.
The Chairman, House Committee on Ethics/Privileges, Mr. Nicholas Ossai, took the same position as Ogor.
He told the House that though the FRCN was empowered to function, the issue of fixing how long a religious leader should be in office was off its bounds.
Ossai added, “This is because we are talking about the things of God here. The tenure of religious leaders is determined by God, not man.
“Besides, delegated legislation like the FRCN code should have been forwarded to the National Assembly for approval. The code in question was never forwarded to the National Assembly.”
Two other members, Mr. Istifanus Gyang, and Mr. Sunday Karimi, berated the former leadership of the FRCN for its actions in implementing the controversial code.
On his part, a former Deputy Minority Whip, Mr. Garba Mohammed-Dhatti, called for rigorous monitoring of the activities of agencies to prevent them from abusing their delegated powers.
“Overzealous heads of agencies can abuse delegated powers. They have to be properly monitored to save us from embarrassment.”