President Bola Tinubu has approved the appointment of former Chief Executive Officer of KPMG Nigeria, Mr Kunle Elebute, as Chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
The appointment was disclosed in a statement issued on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment is part of the Federal Government’s broader effort to strengthen corporate governance, boost investor confidence, and deepen transparency and accountability within Nigeria’s financial reporting framework.
The statement highlighted Mr Elebute’s extensive professional background, describing him as a distinguished Chartered Accountant and financial management consultant with over four decades of experience spanning 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. He also held positions on KPMG’s regional and global boards, including membership of its Global Board Audit Committee.
Widely regarded for his expertise in audit, financial advisory, risk consulting, corporate governance, and strategic transformation, Elebute is expected to bring significant value to the Council’s leadership.
“Mr Elebute’s appointment comes at a pivotal time as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and broader efforts to align Nigeria’s corporate reporting framework with international best practices,” the statement read.
It further stated: “The Federal Government is confident that his wealth of experience, leadership, and governance expertise will further strengthen the Council’s mandate and support the Renewed Hope Agenda’s objective of building a more transparent, competitive, and investment-friendly economy.”
The Financial Reporting Council of Nigeria is responsible for setting and enforcing financial reporting, auditing, actuarial, valuation, and corporate governance standards in the country.
