The Financial Reporting Council of Nigeria (FRC) on Thursday January 18, 2018 inaugurated a Technical Committee for review of the suspended National Codes of Corporate Governance.
The Committee, which was inaugurated by the chairman, governing board of FRC, Adedotun Sulaiman, has Muhammad K. Ahmad as its chairman. Ahmad is a seasoned public sector executive with over 35 years of distinguished experience.
He served as the pioneer Director-General and Chief Executive Officer of the National Pension Commission (PenCom) and oversaw the growth of the pension industry in Nigeria from ground zero to an asset base of N4.7trillion under management.
The objectives of the committee are to: review the suspended National Codes of Corporate Governance, taking into cognizance the extensive public commentary received on the suspended Codes; develop/recommend the revised Code(s); and carry out all such activities as are necessary to give effect to the foregoing objectives.
Other members of the committee are Bennedikter China Molokwu, a fellow and past president of the Institute of Directors (IoD); Sirajuddin Kofo Abdusalam-Alada, deputy director, legal, Central Bank of Nigeria (CBN); Fabian Ajogwu, a Senior Advocate of Nigeria and Lagos Business School professor of Corporate Governance; Garba Abubakar, director, compliance and special adviser to the registrar-general, Corporate Affairs Commission (CAC); and Tomi Adepoju, a partner with KPMG Nigeria and head of governance, risk and compliance services.
The sixteen-man technical committee also include: Tijjani Borodo, a legal practitioner; Godstime Iwenekhai, head, listings regulation department, Nigerian Stock Exchange (NSE); Abdulrahman Mohammad Saleem, assistant general manager at the National Pension Commission (PenCom); Tola Omotola, executive director, Guaranty Trust Bank Plc; Nat Ofo, a professor of the department of Business Law, College of Law, Igbinedion University Okada; and Chris Ogbechie, professor of strategic management at Lagos Business School (LBS) where he teaches strategy, sustainability and corporate governance
Other members are: Tarfar Makyur, Financial Standards and Corporate Governance, Securities and Exchange Commission (SEC); Uto Ukpana, Company Secretary, MTN Nigeria Communications Limited; Nicholas Okpara, former director, supervision, National Insurance Commission (NAICOM); Tinuade Awe, Executive Director, Regulation, Nigerian Stock Exchange and chairman, FRC board committee on corporate governance; and Nelson M. Anumaka, deputy director, corporate governance, FRC.
Iheanyi Nwachukwu
