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Jim Osayande Obazee, born on March 28, 1965, is a prominent figure in Nigeria's financial sector, known for his pivotal role as the first Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC). He served in this capacity since the establishment of the FRC on June 3, 2011, until January 9, 2017. During his tenure, he played a crucial role in setting, monitoring, and enforcing financial reporting standards and Corporate Governance practices in both the public and private sectors of the Nigerian economy. Additionally, he worked towards harmonizing the efforts of relevant professional and regulatory bodies in the country.
Bio Data Overview
| Full Name | Jim Osayande Obazee |
|---|---|
| Date of Birth | March 28, 1965 |
| Birthplace | Benin City, Edo State, Nigeria |
| Education | B.Sc in Accounting (University of Benin) |
| M.Sc in Accounting (University of Lagos) | |
| Certification in Strategic Financial Analysis for Business Evaluation (Harvard University, USA) | |
| Professional Affiliations | Fellow of the Institute of Chartered Accountants of Nigeria |
| Member of the American Accounting Association | |
| Spouse | Elizabeth Omotayo |
| Children | Sons: Bethlehem and Naioth |
| Role at FRC | First Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria |
| Global Role | 29th Chairman of International Standards of Accounting and Reporting (ISAR) of the United Nations (UNCTAD-ISAR) |
| Net Worth | Estimated to be between $500k to $800k |
Early Life and Education
Jim Obazee was born in Benin City, Edo State, Nigeria. His educational journey began at Agbado Model Primary School 1, Benin City, followed by Edokpolor Grammar School and Ebomisi Secondary School. He earned a B.Sc in Accounting from the University of Benin, an M.Sc in Accounting from the University of Lagos, and also holds a certification in Strategic Financial Analysis for Business Evaluation from Harvard University, USA. Furthermore, he is a Fellow of the Institute of Chartered Accountants of Nigeria and a member of the American Accounting Association.
Personal Life
In his personal life, Jim Obazee is happily married to Elizabeth Omotayo, and together they have been blessed with two sons: Bethlehem and Naioth.
Professional Achievements
Beyond his national contributions, Jim Obazee has made significant impacts on the global stage. He holds the prestigious position of the 29th Chairman of the International Standards of Accounting and Reporting (ISAR) of the United Nations (UNCTAD-ISAR). ISAR is an intergovernmental working group focused on corporate transparency and accounting issues at the corporate level. It aims to enhance the global comparability and reliability of corporate reports. Jim Obazee was also a member of the United Nations Consultative Group on Accounting by Small and Medium-sized Enterprises and the United Nations Consultative Group on Compliance Monitoring and Enforcement.
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Net Worth
As of now, Jim Obazee's estimated net worth ranges between $500k to $800k.
Final Thought
Jim Obazee's dedication and pioneering efforts in the realm of financial reporting standards and Corporate Governance have left a lasting impact on Nigeria's economic landscape. With his remarkable achievements both nationally and internationally, he continues to be recognized as a trailblazer in his field.