Tinubu Appoints Kunle Elebute as FRCN Chairperson

President Bola Ahmed Tinubu has appointed Kunle Elebute as the Chairperson of the Governing Board of the Financial Reporting Council of Nigeria.

The appointment was announced on Thursday in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

According to the statement, the appointment reflects the Federal Government’s determination to strengthen corporate governance practices, improve transparency and accountability, and boost investor confidence in Nigeria’s financial reporting system.

The Presidency noted that the Financial Reporting Council plays a crucial role in regulating accounting, auditing, actuarial valuation and corporate governance standards across the country.

It added that Elebute’s appointment is expected to contribute significantly to ongoing reforms aimed at improving financial reporting and strengthening the integrity of Nigeria’s business environment.

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

Throughout his career, he has built a reputation in financial advisory services, corporate governance, risk management and strategic business leadership.

The statement described him as a seasoned professional whose wealth of experience would be valuable in advancing the council’s mandate and supporting efforts to align Nigeria’s financial reporting standards with global best practices.

The Federal Government expressed confidence that his leadership would help deepen trust in financial disclosures, enhance regulatory compliance and encourage sustainable business practices across both public and private sector institutions.

The appointment comes at a time when the government is seeking to improve the investment climate by promoting transparency, accountability and sound corporate governance frameworks.

Analysts have consistently identified strong financial reporting systems as critical to attracting both domestic and foreign investment, strengthening market confidence and supporting economic growth.

The Financial Reporting Council of Nigeria is responsible for setting and enforcing accounting, auditing and financial reporting standards in the country. The council also works to ensure that financial statements prepared by organisations meet accepted professional and regulatory requirements.

With Elebute’s appointment, the Federal Government said it remains committed to strengthening institutions that support economic development, regulatory efficiency and investor protection while promoting greater confidence in Nigeria’s financial reporting ecosystem.