PRESIDENT TINUBU APPOINTS MR KUNLE ELEBUTE AS CHAIRPERSON OF THE FINANCIAL REPORTING COUNCIL OF NIGERIA (FRCN)

STATEHOUSE PRESS RELEASE 

PRESIDENT TINUBU APPOINTS MR KUNLE ELEBUTE AS CHAIRPERSON OF THE FINANCIAL REPORTING COUNCIL OF NIGERIA (FRCN)
President Bola Ahmed Tinubu, GCFR, has appointed Mr Kunle Elebute, BA (Econ), FCA, as Chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
The appointment reinforces the Federal Government's commitment to strengthening corporate governance, enhancing investor confidence, and deepening transparency and accountability within Nigeria's financial reporting ecosystem.
Mr Elebute is a distinguished Chartered Accountant and financial management consultant with over 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. During his illustrious career, he also served on KPMG's regional and global boards, including its Global Board Audit Committee.
Widely respected for his expertise in audit, financial advisory, risk consulting, corporate governance, and strategic transformation, Mr Elebute has advised leading institutions across the financial services, infrastructure, healthcare, consumer goods, energy, and public sectors. He has also contributed significantly to national policy and regulatory development through his 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 in Nigeria. The Council's work remains central to promoting market integrity, protecting investors, and sustaining confidence in Nigeria's economy.
Mr 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 is confident that his wealth of experience, leadership, and governance expertise will further strengthen the Council's mandate and support the Renewed Hope Agenda's objective of building a more transparent, competitive, and investment-friendly economy.

Bayo Onanuga 
Special Adviser to the President 
(Information and Strategy)

June 18, 2026

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