By Ikhili Monday EBALU, Benin City 

 National President of the Pentecostal Fellowship of Nigeria (PFN), Rev (Dr) Felix Omobude has welcomed the decision by the Federal Ministry of Industry, Trade and Investment to suspend the Corporate Governance Code issued by the Financial Reporting Council (FRC) one of the parastatals under its supervision pending what it calls,  _"a detailed review, extensive consultation with stakeholders and reconstitution of the board of the FRC

 A statement in Benin City,   by Rev. Omobude said the PFN had consistently expressed its concern on the non - inclusive process that brought about the Code and the all pervasive nature of it , especially as it relates to the activities of the not profit sector whose activities were already regulated by provisions of the law under which they were registered. 

 He maintained that in view of the inability on the part of FRCN to achieve the necessary buy - in from concerned stakeholders on the Code of Governance and address legitimate concerns raised by many, he added that it was wrong for it to have proceeded to enforce its implementation.

 The PFN, he said noted with concern among many with respect to portions of the suspended code interpreted by some to have limited the tenure of Pastors and  other Spiritual leaders.

 He said, "we are confident that all the contentious issues will be reviewed under the process ordered by the government. While the PFN respects the right of the appropriate government agency to make laws for the good of all, the PFN states emphatically ,it will not sleep on her rights especially as it affects our freedom of worship.

 " The PFN appeals for calm, restraint and understanding on the part of all Christians and for continued prayers for the year 2017 to be one of greater peace and prosperity for all Nigerians "