President Bola Ahmed Tinubu has appointed Kunle Elebute, as Chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
Elebute, a Chartered Accountant and financial management consultant, brings more than four decades of professional experience spanning Nigeria, West Africa, and global markets.
The appointment, announced on Thursday by the State House, is aimed at reinforcing the Federal Government’s commitment to strengthening corporate governance, enhancing investor confidence, and promoting transparency and accountability in Nigeria’s financial reporting system.
The new appointee previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa. He also sat on KPMG’s regional and global boards, including the Global Board Audit Committee.
Widely regarded for his expertise in audit, financial advisory, risk consulting, corporate governance, and strategic transformation, Elebute has advised leading organisations across the financial services, infrastructure, healthcare, consumer goods, energy, and public sectors.
He has also contributed to national policy and regulatory development through service on several public sector committees, including those focused on banking consolidation and corporate governance reforms.
The Financial Reporting Council of Nigeria is responsible for setting and enforcing standards for financial reporting, auditing, actuarial practice, valuation, and corporate governance. Its mandate is central to promoting market integrity, protecting investors, and sustaining confidence in Nigeria’s economy.
According to the State House, Elebute’s appointment comes as the Council advances key initiatives, including engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and efforts to align Nigeria’s corporate reporting framework with international best practices.
The government expressed confidence that Elebute’s extensive experience, leadership, and governance expertise will strengthen the Council’s mandate and support the Renewed Hope Agenda’s objective of building a more transparent, competitive, and investment-friendly economy.