The Latter Rain Assembly senior Pastor Tunde Bakare, has released a comment as touching the FRC’s Regulation and Pastor Adeboye’s Compliance.
The 62-year-old who has presided over Latter Rain Assembly for about 27 years, had said he does not work for any Financial Reporting Council, but whether anyone likes it or not, one day they will leave office, no matter how long they spend.
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The Financial Regulations Council had issued a law for all registered churches, mosques, and CSOs, stating that heads of non-profit organisations like churches now have a maximum period of 20 years to lead their organisations while in retirement.
Such heads are also not permitted to hand over to their families.