Tinubu Appoints Kunle Elebute as Chairman of Financial Reporting Council of Nigeria

 



By Abdulahi Musa 


President Bola Ahmed Tinubu has appointed renowned chartered accountant and financial management expert, Kunle Elebute, as the Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN), in a move aimed at strengthening corporate governance and enhancing transparency in the nation's financial reporting system.


The appointment, announced in a statement issued on Thursday by the President's Special Adviser on Information and Strategy, Bayo Onanuga, underscores the Federal Government's commitment to promoting accountability, investor confidence, and global best practices in Nigeria's financial sector.


Elebute brings over 40 years of professional experience spanning Nigeria, West Africa, and international markets. He is widely recognized for his contributions to auditing, financial advisory services, risk management, corporate governance, and strategic business transformation.


Before his appointment, Elebute held several high-profile positions within KPMG, one of the world's leading professional services firms. He served as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa. He also sat on various regional and global boards of the firm, including its Global Board Audit Committee.


According to the Presidency, Elebute has advised major organizations across diverse sectors, including financial services, infrastructure, healthcare, consumer goods, energy, and the public sector. His expertise has also been instrumental in shaping national policy initiatives, particularly in banking sector reforms, corporate governance, and regulatory development.


The Financial Reporting Council of Nigeria is the nation's regulatory body responsible for setting and enforcing standards in financial reporting, auditing, actuarial practice, valuation, and corporate governance. The agency plays a crucial role in safeguarding market integrity, protecting investors, and fostering confidence in Nigeria's economy.


The Presidency noted that Elebute's appointment comes at a critical period as the FRCN advances key institutional reforms and deepens engagement under the UK-Nigeria Enhanced Trade and Investment Partnership. The Council is also working to align Nigeria's corporate reporting framework with international standards to attract investment and improve competitiveness.


President Tinubu expressed confidence that Elebute's extensive experience, leadership credentials, and governance expertise would further strengthen the Council's mandate and support the administration's Renewed Hope Agenda focused on building a transparent, investment-friendly, and globally competitive economy.


The appointment is expected to bolster ongoing efforts to improve corporate accountability and reinforce Nigeria's reputation as a credible destination for local and foreign investment.

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