Jim Obazee Biography, Age, State of Origin, Education, Wife, Children, Net Worth – Jim Obazee is a financial standards expert who oversaw the setting, monitoring, and enforcement of financial reporting standards and corporate governance practices in Nigeria.
Obazee was involved in the implementation of the controversial Corporate Governance Code 2016, which led to a change in leadership in a prominent Nigerian church.
|Name:||Jim Osayande Obazee|
|Date of Birth:||28th March, 1965|
|State of Origin:||Edo State|
Jim Obazee Biography
Jim Osayande Obazee was born on the 28th March, 1965 in Benin city, Edo state. He was the first Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC).
Jim Obazee Age
As of time of filing this report, Jim Obazee is 58 years old.
Jim Obazee State of Origin
Jim Obazee is from Benin City, Edo State, Nigeria.
Jim Obazee Education
Jim Obazee attended Agbado Model Primary School 1, Benin City, Edo State, Nigeria; Edokpolor Grammar School, Ebomisi Secondary School.
He holds a B.Sc in Accounting (University of Benin), M.Sc in Accounting (University of Lagos) and a certification in Strategic Financial Analysis for Business Evaluation (Harvard University, USA).
Jim Obazee is a Fellow of the Institute of Chartered Accountants of Nigeria and a member of the American Accounting Association.
Jim Obazee Career
Jim Obazee, the former Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria, is widely known for his expertise in financial reporting standards and corporate governance practices. With his role encompassing the oversight, monitoring, and enforcement of these standards in both the public and private sectors of the Nigerian economy, Obazee has left a significant mark on Nigeria's financial landscape.
According to a report by Businessday.ng, one of Obazee's notable contributions was the implementation of the controversial Corporate Governance Code 2016. This code led to the retirement of Enoch Adeboye, the general overseer of the Redeemed Christian Church of God (RCCG), who named Joseph Obayemi as his successor.
As the head of the Financial Reporting Council, Obazee was also responsible for harmonizing the activities of various professional and regulatory bodies in Nigeria. His efforts aimed to ensure consistency and accountability in financial reporting practices across different sectors of the economy.
Jim Obazee's extensive experience in financial standards is evident in his career achievements. He had the opportunity to spend time at the Financial Accounting Standards Board (FASB) in the USA and the Accounting Standards Board (ASB) in Canada. These attachments allowed him to gain insights and knowledge from international financial reporting bodies.
Furthermore, Obazee chaired the 29th Session of the United Nations Conference on Trade and Development-International Standards of Accounting and Reporting (UNCTAD-ISAR). He also led the committee tasked with creating a roadmap for the adoption of International Financial Reporting Standards (IFRS) in Nigeria.
Outside of his role as the Executive Secretary/CEO of the Financial Reporting Council, Obazee holds an M.Sc in Accounting and is a Fellow of the Institute of Chartered Accountants of Nigeria. He is also a member of the American Accounting Association.
Obazee has conducted various investigations on several prominent financial institutions in Nigeria. These include the Central Bank of Nigeria (CBN), Bank of Industry (BOI), Zenith Bank of Nigeria Plc, Guaranty Trust Bank Plc, and Access Bank Plc. These investigations aimed to ensure compliance with financial reporting standards and corporate governance practices.
On top of his investigative work, Obazee served in multiple Technical Committees, showcasing his dedication to improving accounting practices across industries. Notable committees he participated in include those focused on Accounting in the Petroleum Industry, Upstream Activities, Accounting for Insurance Business, Statement of Cash Flows, Implementation Guide to Accounting for Leases, and Accounting in the Petroleum Industry – Downstream Activities.
Jim Obazee Wife and Children
Jim Obazee married to Elizabeth Omotayo and he has two sons named Bethlehem and Naioth.
Jim Obazee Net Worth
Jim Obazee has an estimated net worth to be $500,000.