President Bola Tinubu on Thursday, June 18th approved the appointment of Kunle Elebute as the Chairman of the Governing Board of the Financial Reporting Council of Nigeria.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in a statement where he disclosed that Elebute is a former Chief Executive Officer of KPMG Nigeria and previously served as Chairman of KPMG Africa.
The statement also added that during Elebute’s illustrious career, he served on KPMG’s regional and global boards, including 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.