President Bola Ahmed Tinubu has appointed renowned chartered accountant and financial management expert, Kunle Elebute, as the Chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
The appointment, announced in a statement on Thursday by the President's Special Adviser on Information and Strategy, Bayo Onanuga, is part of the Federal Government's efforts to strengthen corporate governance, improve investor confidence, and enhance transparency in Nigeria's financial reporting system.
Elebute brings more than 40 years of professional experience in accounting, auditing, corporate governance, and financial advisory across Nigeria, West Africa, and international markets.
He previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa. During his career, he also held positions on KPMG's regional and global boards, including its Global Board Audit Committee.
According to the Presidency, Elebute has advised major organisations in the financial services, infrastructure, healthcare, consumer goods, energy, and public sectors. He has also contributed to national policy through committees involved in banking consolidation and corporate governance reforms.
The Financial Reporting Council of Nigeria is responsible for setting and enforcing standards for financial reporting, auditing, actuarial practice, valuation, and corporate governance. The council plays a key role in promoting market integrity, protecting investors, and supporting confidence in Nigeria's economy.
The Presidency said Elebute's appointment comes as the FRCN advances reforms, including engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and efforts to align Nigeria's corporate reporting framework with international best practices.
The Federal Government expressed confidence that Elebute's experience and leadership would strengthen the council's mandate and support the administration's drive to build a more transparent, competitive, and investment-friendly economy.
