Tinubu Appoints Kunle Elebute as Chairman of Financial Reporting Council

President Bola Tinubu has approved the appointment of renowned chartered accountant and financial management consultant Kunle Elebute as Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).

The appointment, announced in a statement issued on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, aims to strengthen corporate governance, enhance investor confidence, and deepen transparency and accountability within Nigeria’s financial reporting ecosystem.

Elebute, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), brings more than four decades 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. He also served on KPMG’s regional and global boards, including its Global Board Audit Committee.

Throughout his career, Elebute has provided advisory services to leading institutions 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 initiatives related to banking consolidation and corporate governance reforms.

The Financial Reporting Council of Nigeria plays a critical role in setting and enforcing financial reporting, auditing, actuarial, valuation, and corporate governance standards. The Presidency noted that Elebute’s appointment comes at a pivotal time as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and broader efforts to align Nigeria’s corporate reporting framework with international best practices.

The Federal Government expressed confidence that Elebute’s wealth of experience and leadership will strengthen the Council's mandate and support the objectives of the Renewed Hope Agenda, which seeks to build a more transparent, competitive, and investment-friendly economy.