CFAA calls for greater financial accountability, urges church leaders to embrace reforms
Christian Financial Accountability Association (CFAA), a self-regulatory association of churches and Christian faith-based organisations aimed at fostering accountability and good corporate governance among churches and faith based organisations, has urged church leaders in Nigeria to embrace reforms as it calls for greater financial accountability.
CFAA which was recently launched in Lagos at an inaugural conference is dedicated to facilitating financial accountability, ethical and governance standards, as well as biblical doctrine. Cognizant of the role of the church in society, CFAA exists to educate and strengthen the capacity of the church as it takes on the mandate to preach the gospel and transform nations.
Sam Adeyemi, the senior pastor of Daystar Christian Centre, said the end-goal of CFAA is to help churches and Christian faith-based organisations operating in Nigeria comply with mandatory government regulations. “…the church has the tools to create cultural shift in societies,” said Adeyemi stating that the group will work closely with member organisation like the Christian Association of Nigeria (CAN) and the Pentecostal Fellowship of Nigeria (PFN).
According to Adeyemi, CFAA exists to help churches become more effective, focusing on education and enlightenment on corporate governance and financial accountability. He opined that the role of the church in society, particularly in developing economies like Nigeria, cannot be overemphasized, hence the church constitutes the social security system of Nigeria.
Yinka Ogunnubi, a financial expert/economist said, CFAA is another phase of church reforms driven from within the church, hence the association will be recommending code of ethics for members.