President Bola Ahmed Tinubu has appointed renowned financial expert and former KPMG Africa Chairman, Kunle Elebute, as the new Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN). The appointment, announced by the Presidency on Thursday, is part of ongoing efforts to strengthen corporate governance, improve transparency, and boost investor confidence in Nigeria’s financial reporting ecosystem.
According to the Presidency, Elebute brings more than four decades of experience in accounting, auditing, financial advisory, and corporate governance. His appointment comes at a crucial time as the FRCN advances reforms designed to align Nigeria’s financial reporting standards with international best practices and enhance the credibility of the country’s corporate governance framework.
Elebute has built an impressive professional career across Nigeria, West Africa, and global markets. He previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria before rising to become Chairman of KPMG West Africa and later Chairman of KPMG Africa. Throughout his career, he has advised leading organizations across sectors including finance, infrastructure, healthcare, energy, consumer goods, and public administration.
The Presidency noted that his expertise in audit, risk management, strategic transformation, and corporate governance will support the council’s efforts to improve accountability and transparency in both public and private institutions. His appointment also coincides with key initiatives such as the UK–Nigeria Enhanced Trade and Investment Partnership, which seeks to strengthen Nigeria’s attractiveness to global investors.
The Financial Reporting Council of Nigeria plays a critical role in regulating financial reporting, auditing, valuation, actuarial practice, and corporate governance standards in the country. As Nigeria continues to pursue economic reforms and attract investment, stakeholders believe Elebute’s wealth of experience will help reinforce market integrity, strengthen regulatory oversight, and advance the Tinubu administration’s vision of building a more transparent and investment-friendly economy.
source: nairametrics