Financial Reporting Council (FRC)
Executive Secretary/Chief Executive Officer of the FRC, Jim Obazee, last weekend said that though 89 out of the 23, 216 registered churches in the country have complies till date, the council would be unrelenting till the right thing is done.
"In keeping other peoples' money, you have to prepare account. That is why churches fought me so badly, took me to court as a person and then my office too".
Mosque and orthodox churches freely complied, but those pentecostal churches called me to ask questions. They said: This church is church of God and we are accountable to God". And l told them: very good, so you must take this church to heaven, you can't operate it here; when public funds are involved, government needs to ensure proper accountability: The CEO explained:
'Religious Organizations are ordinarily set up as 'non- for-profit' and they remain lnstitutions of public character. The challenge, however, is a trend where churches and mosques start dabbling into non-charity ventures like schools, hospitals and so on.
'When you set up a church, your motive is to ensure that people are well focused to go to heaven. Then the money in the church should be targeted at ensuring that people are helped to do that.
If you want to set up a school, then it should be free for all your members' children. If you charge any money, then you are in the same league with other schools outside that are paying taxes to the government.
Where Did Jim Obazee go wrong?
RPI.......Rethink, Rebirth, Rebuild.
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