Business
Why Adeboye stepped down as head of Nigeria’s Redeemed Church
General Overseer of the Redeemed Christian Church of God, Enoch Adeboye, stepped down as head of the church in Nigeria in line with a proposed Corporate Governance Code in Nigeria, PREMIUM TIMES has learnt.
Mr. Adeboye referred to the governance code as he announced his decision to give up the position on Saturday, church leaders who attended the session, said.
The code, proposed in May 2015, limits the number of years heads of corporate organisations can stay in office. It is mandatory for the private sector.
The Code of Governance for Not-for-Profit entities is “Comply or Justify non-compliance.”
It is under the Not-for-Profit category that churches like the RCCG come under.
The code was later suspended, reportedly after the Attorney General, Abubakar Malami, opposed its implementation.
It was unclear whether Mr. Adeboye knew the proposal had been suspended.
While announcing the governance code in October 2016, the Financial Reporting Council, FRC, had said it would take effect from October 17, 2016.
FRC said, “In accordance with Section 50 of the Financial Reporting Council of Nigeria Act, 2011, which among other things requires the Directorate of Corporate Governance to develop the principles and practices of Corporate Governance applicable in Nigeria, the Council hereby releases the National Code of Corporate Governance effective 17th October 2016.”
It further said, the “Code of Governance for the Public Sector will not be applicable immediately until an executive directive is secured from the Federal Government of Nigeria. This is due to the fact that the enabling laws that set up most government establishments already carry some form of governance structure that will require an umbrella legislation to unify the different provisions of those laws to synchronise with this Code.”
Mr. Malami later wrote a strong opinion against it.
Mr. Adeboye had on Saturday surprised the top echelon of the RCCG by stepping down from direct leadership of the church in the country. He appointed Joshua Obayemi as the National Overseer of the church in Nigeria.
Mr. Obayemi, who was Special Assistant to General Overseer on Finance, was appointed at the annual Ministers Thanksgiving at Shimawa, Ogun State.
Mr. Adeboye will however remain the General Overseer of the RCCG Worldwide.
Daddy G. O.’s tactical resignation or retirement: An unpleasant development
While I agree totally with the call for Christians to go into politics én mass, I would rather call for the church first of all to go into prayers. Haven’t we seen sound Christians who went into politics and became compromised by the monstrous spirit of corruption and mammonry that has eaten dip into our political system and taken root in all the seats of power?
This ungodly law that is supposedly signed into law by the National Assembly did not start as a national issue but an expression of grief by one man who became aggrieved by his pastor and general overseer. This man is the current boss of the Financial Reporting Council of Nigeria.
This said man was a pastor with the RCCG who became envious of the success and power wielded by the General Overseer, because, he himself is a power hungry man. He became head of the FRC after repeatedly backstabbing his boss to whom he was number two with repeated petitions to the higher authorities against his boss until he had his way.
He has never had anything good to say about his G. O. He had always spoken I’ll of him to whoever cares to hear. While he was still a pastor under the RCCG, he bragged that he had not stepped his foot into the Redemption Camp in many years.
He had always complained that the G O has asked other pastors to step down after reaching 70 years and he himself has refused to do so. And had bragged on a few occasions that he would ensure the G O steps down.
Let me add that neither he the boss nor the parastatal he heads (FRCN) has the power to execute the law, but he did. Financial Reporting Council has its jurisdiction whose bounds this man has overstepped. Recently, the kangaroo Acts of the FRC he concocted alone to favour him and his draconian regime was repealed by the National Assembly or so it seems. His satanic high handedness style of governance has been a thing of concern in the parastatal.
He became so power drunk that he tried to insult the integrity of the G O four years ago when the G O asked that he comes to see him. Only then was his church file as a pastor reviewed and he got suspended from the church. He became all the more drunk with power when he got someone who introduced him to the then president. There, he found an opportunity to present this matter to the president and gave reasons why churches and mosques should start paying taxes. He convinced the president then by running down God’s servants.
He was an easy tool then because he came very handy to be used against the then Central Bank governor which led to his suspension from office. This drew him closer to the president and tactically had the president’s ear. It was at that point he made way to express his devilish desire against the church with his G O as main target.
When the church suspended him and the then president left office, he quickly joined himself to Latter Rain Church and got introduced to the pastor through a member of staff of the FRC who worships there. This he did subtly because of the closeness of the pastor to this present government so he can get introduced to the new Preside Buhari. That was done.
His staff in the office are groaning under his hard leadership and cannot speak out because he had held them bound with threats and fear. This man who today is an enemy of the church has been implicated in wizardry and witchcraft and belonging to the occult. He has some cases of abuse of office and immoral activities going on in court against him which he lost recently.
Today, he is laughing because it seems his agenda is playing out. He is boasting that it will spread to all the other long serving G.O.s This, he will achieve if the church does not arise to both pray and cease power first from the realm of the spirit.
In Acts 12:1-10, when Herod took James and killed him and no one did anything, he proceeded to take the leader of the apostles- Peter. That’s when the church woke up to prayers and intervention came in verse 5-10.
In Acts 7:1-end, Saul ensured Steven died and no one stood against him, so he proceeded to Damascus to clean up the church until the Master intervened because the church prayed.
Who said the bill can not be reversed? Why should the church be dictated to by the state when the state has no hand in leading the church? Didn’t our Lord Jesus say He will build His church and the gates of hell cannot not prevail against it? Why is hell raging now and we are complying?
Haman’s Bill in the book of Esther was countered. Joshua stopped time until he overthrew evil kings. Where is the power today in the church? We see not our signs. (Ps. 74:9)
The state cannot dictate to the church when her leaders should come in and out and who they should handover to. If we don’t fight this evil now, it will develop into something worse that will bring regrets to the church. Who knows; they could start telling the pastors what to preach and what not to preach. What pastors should wear and not wear etc.
Let’s call for a Solemn Assembly and let the priests weep between the porch and the altar until this evil quickly dies out.
Awake O Zion and trim your light. Arise O church and shine for your light is come and the glory of the Lord is risen upon you.
It is a dark period for the world but the best time for the church to shine (Is.60:2)
*Resolving the Obazee sack angle…*
Many people wonder why PMB must have sacked Obazee and ordered for a replacement. Let us get the facts away from fiction.
* A lot of complaints have been tendered against Obazee from the private sector for years which got worse in the past few months.
* He had a right to carry out his assigned duties, but one of such allegations against him was that of vendetta.
* He was once sacked while reportedly working under baba Adeboye of the RCCG.
* He was instructed days ago by the minister of industry trade and investment to hold on while issues concerning him are sorted out.
* The minister is the boss and head of the FRN.
* He defied the orders of the minister to suspend the regulation, and went ahead to enforce the act. His first point of call was the RCCG, ensuring that daddy Adeboye obeys the law.
* The minister reported him to the president. His case is that of insubordination. He disobeyed and was in the process rude to a senior official.
* PMB recommended immediately that he should be sacked and replaced for defying the orders of his superior to look into the matter, deliberately further about it and clear issues bordering on revenge as regards his person.
Those are my findings regarding the sack by PMB, it truly had nothing to do with weakness or succumbing to pressure by PMB nor is it karma of the history of the Obazee guy drafting the recommendation which removed Sanusi under GEJ.
Is It Safe to Invest in Lagos Real Estate? Here’s What You Must Know by Dennis Isong
In 2018, Chinedu bought a plot of land in Ibeju-Lekki for ₦600,000. At the time, his friends laughed. “Na bush you go buy?” they teased. Even Chinedu had doubts, especially after struggling to locate the land twice. But he had a gut feeling and decided to take the risk.
Fast forward to 2024, Chinedu got a call from a developer building around the Lekki Free Trade Zone. They were interested in acquiring his plot. The offer? ₦8.5 million. He thought it was a joke—until the cheque cleared.
“I almost sold that land two years ago for ₦1.2 million because I was broke,” he told me, shaking his head with a smile. “But something told me to wait.”
Today, that same bush has a tarred road, power poles, and new buildings sprouting like mushrooms. The value keeps rising, and Chinedu is already scouting for his next plot—this time in Epe.
His only regret?
“I wish I bought three plots instead of one.”
That’s Lagos real estate for you. It looks like nothing at first—but if you play your cards right, it could be the best decision of your life.
Let’s not beat around the bush—Lagos real estate is hot cake. Everyone seems to be talking about it, whispering about one land deal in Epe or a smart investment in Ibeju-Lekki. The conversations are endless, and so are the questions. But the one that keeps bouncing from one corner of the room to another is this:
Is it really safe to invest in Lagos real estate?
Well, short answer? Yes.
But let’s not stop at “yes.” This is Lagos. Nothing is ever that simple. Before you pull out your wallet or empty your savings app, you need to know a few things that the billboards won’t tell you.
First, Why Is Everyone Rushing to Invest in Lagos Real Estate?
If Lagos were a person, it would be that loud, fast-talking cousin who always seems to have money flowing from one hustle or the other. Lagos is not just a city—it’s a mood, a movement, a madness that somehow makes financial sense.
It’s the commercial heartbeat of Nigeria. And where the heart beats, money flows.
From tech bros in Yaba to deep-pocket oil boys in Lekki, everyone is looking for where to park their money, and land is the new bank. Real estate in Lagos has become the golden goose for the smart investor. And why not? Land here doesn’t sleep—it appreciates, sometimes with the arrogance of a billionaire who knows he can’t fail.
But Wait—Is It Safe?
Now, this is where it gets interesting. Lagos isn’t Disneyland. It’s not all shiny buildings and smiling agents. The truth is, there are landmines in the system—some figurative, some legal, and some spiritual (ask anyone who’s ever mistakenly bought “Omonile land”).
Yet, thousands of people are making solid money from it. Some have even become landlords from buying land they never visited. How is this possible?
It all comes down to how you invest, where you invest, and who you’re dealing with.
The Shaky Past, The Bright Future
Let’s be honest: Lagos has had its fair share of land drama. The tales are plenty—fake documents, family land disputes, sudden demolitions. These stories are scary, yes, but they’re not the full picture.
Over the years, the Lagos real estate sector has matured, especially with government regulations, better documentation processes, and real estate firms who are finally doing things the right way. This is not 1997 when you could buy land and discover later that the “agent” was actually a carpenter with a borrowed suit.
Today, with a bit of caution and proper due diligence, you can invest in Lagos real estate and sleep well at night—like a baby who just signed a deed of assignment.
Lagos Is Expanding—And That’s a Clue
One thing that gives Lagos real estate its strong appeal is urban sprawl. The Lagos of today is not the Lagos of 10 years ago. Places like Sangotedo, Epe, and Ibeju-Lekki used to be jokes in property circles. Now? They’re punchlines of profit.
The Dangote Refinery, Lekki Deep Sea Port, and Lekki Free Trade Zone are not just projects—they’re magnets. Land prices in these areas are not sitting still. They’re running marathons. If you blink, the same land you ignored in 2022 could be worth double in 2025.
So yes, investing in Lagos real estate now may look like buying “bush,” but you know what they say—today’s bush is tomorrow’s Banana Island.
Let’s Talk About Risk (Because You Should Know)
Is there risk? Of course. This is Nigeria. There’s risk in crossing the road. But guess what? Risk is also where the money hides.
The key to safe investment is not avoiding Lagos real estate—it’s knowing the game and playing it with sense. Don’t go in blindly. Don’t let “cheap” deceive you. And please, don’t collect land documents on the back of a recharge card.
Use registered surveyors. Work with legit companies. In fact, if the deal sounds like it fell from heaven, double-check that the land isn’t under water. Lagos doesn’t forgive carelessness.
So, Is It Worth It?
If you’re still asking that question, you haven’t met someone who bought land in Ibeju-Lekki at ₦500k five years ago and just sold it for ₦7 million.
You haven’t heard the story of the woman who bought three plots in Badagry when nobody was looking, and now developers are begging to buy just one for a small fortune.
The truth is, Lagos real estate is like plantain. It may look green today, but give it time—it will ripen beautifully.
Final Word (and A Small Nudge)
If you’re waiting for Lagos to be “perfect” before you invest, you might be waiting forever. Lagos is not perfect. It’s not even pretending to be. But guess what? Its imperfections are where the opportunities hide.
While you’re hesitating, others are buying. And while you’re analyzing, someone else is acquiring. At some point, you’ll look around and realize that the same land you ignored is now behind a gate with a ₦1,000,000 price tag just to inspect it.
So, is it safe to invest in Lagos real estate? Absolutely—if you do it wisely.
Ask questions. Partner with people who know what they’re doing. Don’t rush, but don’t wait forever.
And if you need a guide, someone to help you navigate this crazy but profitable world of Lagos property, you already know who to call.
Yes, it’s me—Dennis Isong, your Lagos Realtor Extraordinaire.
STOP LOSING MONEY IN LAGOS REAL ESTATE!
Protect your investment with due diligence.
Visit: LandProperty.ng/free
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