President Bola Ahmed Tinubu has appointed seasoned chartered accountant and financial management expert Kunle Elebute as the new Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
The appointment was announced in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. According to the Presidency, the move is part of efforts to strengthen corporate governance, improve transparency and accountability, and enhance investor confidence in Nigeria’s financial reporting framework.
Elebute brings over 40 years of professional experience in accounting, auditing, financial advisory services, risk management, and corporate governance. Throughout his career, he has held several high-profile leadership positions within KPMG, including serving as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa.
He also served on various regional and global boards of the firm, including membership of KPMG’s Global Board Audit Committee. His expertise extends across key sectors such as financial services, infrastructure, healthcare, consumer goods, energy, and public administration.
The Presidency noted that Elebute has contributed significantly to policy and regulatory reforms through his participation in committees focused on banking sector restructuring and corporate governance improvements.
According to the statement, his appointment reflects the Federal Government’s commitment to building stronger regulatory institutions and promoting confidence in Nigeria’s financial system.
The Financial Reporting Council of Nigeria is responsible for regulating standards in financial reporting, auditing, valuation, actuarial practice, and corporate governance. The agency plays a key role in ensuring market integrity, protecting investors, and supporting economic stability.
The government expressed confidence that Elebute’s leadership experience and governance expertise would help advance the council’s objectives, particularly as it works to align Nigeria’s reporting standards with international best practices and support ongoing trade and investment initiatives.
