Tinubu appoints Financial Reporting Council chairman

President Bola Tinubu has approved the appointment of Kunle Elebute as the Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN). Elebute, a chartered accountant and financial management consultant, is expected to bolster corporate governance and transparency within Nigeria's financial sector.

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The appointment reinforces the Federal Government’s commitment to strengthening corporate governance, enhancing investor confidence, and deepening transparency and accountability within Nigeria’s financial reporting ecosystem.

The Presidency announced the appointment on its X handle, emphasizing the administration's commitment to enhancing investor confidence and accountability. Elebute, a Fellow of the Institute of Chartered Accountants of Nigeria, possesses more than 40 years of professional experience across Nigeria, West Africa, and global markets. He previously held significant leadership roles at KPMG, including Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa.

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Mr Elebute is a distinguished Chartered Accountant and financial management consultant with over four decades of professional experience spanning Nigeria, West Africa, and global markets.

Described as a highly respected professional, Elebute has extensive experience in audit, financial advisory, risk consulting, and corporate governance. He has advised major institutions across various sectors and contributed to national policy development. His past involvement includes significant roles in banking consolidation and corporate governance reforms.

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The Financial Reporting Council of Nigeria plays a critical role in setting and enforcing financial reporting, auditing, actuarial, valuation, and corporate governance standards in Nigeria. The Council’s work remains central to promoting market integrity, protecting investors, and sustaining confidence in Nigeria’s economy.

The FRCN plays a crucial role in setting and enforcing financial reporting, auditing, and corporate governance standards in Nigeria. Elebute's appointment comes at a critical time as the FRCN advances institutional priorities, including engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and aligning Nigeria's reporting framework with international best practices. The government expressed confidence that Elebute's leadership will support the administration's economic reform agenda.

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Mr Elebute’s appointment comes at a crucial period as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and efforts to align Nigeria’s corporate reporting framework with international best practices.