President Bola Ahmed Tinubu has appointed Mr Kunle Elebute as Chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN), in a move aimed at reinforcing transparency and accountability in Nigeria’s financial reporting system.
The appointment, announced in a statement signed by presidential spokesman Bayo Onanuga, underscores the Federal Government’s commitment to strengthening corporate governance, boosting investor confidence, and aligning Nigeria’s reporting standards with global best practices.
Elebute, a Chartered Accountant and financial management consultant, brings over four decades of experience across Nigeria, West Africa, and international markets. He previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria, as well as Chairman of KPMG West Africa and KPMG Africa. He also held positions on KPMG’s regional and global boards, including its Global Board Audit Committee.
Widely regarded for his expertise in audit, financial advisory, risk consulting, and corporate governance, Elebute has advised major institutions in sectors such as financial services, infrastructure, healthcare, energy, and the public sector. He has also contributed to national policy development, particularly in banking consolidation and corporate governance reforms.
The FRCN plays a pivotal role in setting and enforcing standards for financial reporting, auditing, actuarial practice, valuation, and corporate governance in Nigeria. Its mandate is central to maintaining market integrity, protecting investors, and sustaining confidence in the economy.
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Elebute’s appointment comes as the Council intensifies efforts to align Nigeria’s corporate reporting framework with international standards and deepen engagements under the UK-Nigeria Enhanced Trade and Investment Partnership.
The Federal Government expressed confidence that his leadership and experience will strengthen the Council’s regulatory role and support the administration’s Renewed Hope Agenda of building a more transparent, competitive, and investment-friendly economy.
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