President Bola Tinubu has appointed Kunle Elebute as Chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
Elebute’s appointment was announced in a statement from the State House disclosing that the initiative is aimed at reinforcing the Federal Government’s commitment towards strengthening corporate governance, enhancing investors confidence, and deepening transparency and accountability within Nigeria’s financial reporting ecosystem.
The disclosure made in Thursday was said to be merited due to the appointee’s wealth of experience, leadership, and governance expertise, alongside his widely respected expertise in audit, financial advisory, risk consulting, corporate governance, and strategic transformation, as disclosed by the executive arm.
The designee is a Chartered Accountant and financial management consultant with over four decades of professional experience across 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. He also served on KPMG’s regional and global boards, including its Global Board Audit Committee.
In addition, Elebute has also served as an adviser to leading institutions in financial services, infrastructure, healthcare, consumer goods, energy, and the public sector, and also lauded for contributing to national policy and regulatory development through service on several public sector committees, including initiatives on banking consolidation and corporate governance reforms.
According to the State House, Elebute’s appointment comes as the FRCN advances key priorities, including engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and efforts to align Nigeria’s corporate reporting framework with international best practices.