Tinubu Appoints Kunle Elebute as Financial Reporting Council Board Chairman

By Opeyemi Adelakun

President Bola Tinubu has approved the appointment of Kunle Elebute as Chairman of the Governing Board of the Financial Reporting Council (FRC) of Nigeria.

The appointment was announced in a statement issued by the Presidency on Thursday.

According to the statement, the appointment underscores the Federal Government’s commitment to strengthening corporate governance, boosting investor confidence, and promoting transparency and accountability in the country’s financial reporting system.

Elebute, a Chartered Accountant and financial management consultant, has more than four decades of professional experience spanning Nigeria, West Africa and international markets.

He previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa.

Throughout his career, he held several leadership positions within KPMG’s regional and global structures, including membership of the firm’s Global Board Audit Committee. He has also provided advisory services to major organisations in the financial services, infrastructure, healthcare, energy and public sectors.

The Financial Reporting Council is responsible for setting and enforcing standards relating to financial reporting, auditing, actuarial practice, valuation and corporate governance in Nigeria.

The Presidency noted that Elebute’s appointment comes at a crucial period as the council advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership.