Tinubu Makes Fresh Top Appointment; Details Emerge

President Bola Tinubu has formally appointed Kunle Elebute as the new Chairman of the Governing Board of the Financial Reporting Council of Nigeria.

This announcement was made in a statement issued by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, on Thursday.

Kunle Elebute brings a wealth of experience to the role, having previously served as the Chief Executive Officer of KPMG Nigeria. He has also held the position of Chairman at KPMG Africa.

Throughout his distinguished career, Elebute has been actively involved in various capacities, including participation on KPMG’s regional and global boards, as well as serving on its Global Board Audit Committee.

He is an accountant and economist with several decades of experience in auditing, financial advisory, corporate governance, and business consulting.

“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,” the statement added.

The Financial Reporting Council is the agency responsible for setting and enforcing accounting, auditing, actuarial, valuation, and corporate governance standards in Nigeria.