The Technical Working Group (TWG) for the development of the Not-For-Profit Governance Code for the country, which was earlier inaugurated by the Honourable Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, CON on Thursday, February 9, 2023, has presented its draft Code to the Council.
Led by the Chairman of the TWG, Dr. Joe Abah, the Group presented the draft Code to the Executive Secretary/CEO of the Council, Amb. Shuaibu Adamu Ahmed on Friday, May 19, 2023.
Dr. Abah while presenting the draft Code, gave a description of how the Group approached the work, effectively utilizing Committees and technology to drive its processes. He stated that the TWG worked professionally and diligently to produce a constructive and robust Not-For-Profit Governance Code for the country. He lauded the diversity and quality of members of the group and thanked them for their support for a successful outcome.
In his response, FRC’s Executive Secretary, Amb. Ahmed, who received the draft Code with delight, expressed satisfaction with the quality of work and sense of national importance attached to the work by the TWG. He thanked the Chairman and the entire members of the TWG for their passion, selfless service, and timely delivery of the draft Code. He noted that the TWG on Not-For-Profit Code produced the Code with the least cost.
The FRC Boss further added that as customary, the code shall be exposed to the public for comments and reactions from operators, users, and stakeholders of the code, after which it shall be officially released.
With the strategic role of the Not-For-Profit sector in nation building, the Not-For-Profit Governance Code shall ensure higher standards of accountability, governance, transparency and sustainability of Not-For-Profit entities in the country.