Tinubu appoints Kunle Elebute FRCN board chair

By Adebola Isimijola, Lagos

President Bola Tinubu has appointed Mr Kunle Elebute as Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN), reinforcing efforts to strengthen corporate governance and improve transparency in the country’s financial reporting system.

The appointment was announced in a statement issued on Thursday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.

According to the Presidency, Elebute’s appointment reflects the Federal Government’s commitment to “strengthening corporate governance, enhancing investor confidence, and deepening transparency and accountability within Nigeria’s financial reporting ecosystem.”

A Chartered Accountant and financial management consultant, Elebute has over 40 years of professional experience spanning Nigeria, West Africa and global markets. He previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa and Chairman of KPMG Africa, and was a member of the firm’s regional and global boards, including its Global Board Audit Committee.

The Presidency said Elebute has extensive experience in audit, financial advisory, risk consulting, corporate governance and strategic transformation, having advised institutions in the financial services, infrastructure, healthcare, consumer goods, energy and public sectors. He also served on several public sector committees involved in banking consolidation and corporate governance reforms.

According to the statement, the Financial Reporting Council of Nigeria is responsible for setting and enforcing standards on financial reporting, auditing, actuarial practice, valuation and corporate governance to promote market integrity and protect investors.

The Presidency noted that Elebute assumes office as the Council pursues key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and efforts to align Nigeria’s corporate reporting framework with international best practices.