President Bola Tinubu appoints Kunle Elebute as Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN). The appointment is announced in a statement issued on Thursday by the Presidency, with reporting also attributing the announcement to the President’s Special Adviser on Information and Strategy, Bayo Onanuga. Multiple outlets say the move is intended to strengthen corporate governance and improve transparency and accountability across Nigeria’s financial reporting ecosystem, with the broader goal of boosting investor confidence.
The sources describe Elebute as a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and note that he has more than four decades of professional experience in Nigeria, West Africa, and global markets. They cite his prior roles at KPMG Nigeria, including Senior Partner and Chief Executive Officer, and leadership roles across KPMG West Africa and KPMG Africa, as well as participation on regional and global boards, including KPMG’s Global Board Audit Committee.
The reporting also highlights the FRCN’s role in setting and enforcing standards in financial reporting, auditing, actuarial practice, valuation, and corporate governance.
