President Tinubu names Kunle Elebute as Financial Reporting Council chairman

Mr. Kunle Elebute, an eminent Chartered Accountant and a renowned financial management consultant, has been appointed as the Chairman of the Governing Board of Financial Reporting Council of Nigeria by President Bola Tinubu.

As stated in the statement published by the Presidency through its X handle on Thursday, the appointment will help improve corporate governance, build investors’ trust, and ensure transparency and accountability in the country’s financial reporting system.

The statement read, “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.”

According to Central Post Nigeria, Elebute who is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN), has over 40 years of professional experience in Nigeria, West Africa, and international markets.

Before his appointment to this new role, he had been the Senior Partner & CEO of KPMG Nigeria, Chairman KPMG West Africa, and Chairman of KPMG Africa. He had been serving on the Boards of KPMG at both regional and global level, including its Global Board Audit Committee.

Elebute was described as an extremely experienced professional in the fields of audit, financial advisory services, risk advisory, corporate governance and strategic transformation.

According to the statement, “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.”

It further noted that he has advised leading institutions across the financial services, infrastructure, healthcare, consumer goods, energy and public sectors, while also contributing to national policy and regulatory development through service on several public sector committees.

The statement added that Elebute had played important roles in initiatives related to banking consolidation and corporate governance reforms.

It also highlighted the strategic role of the Financial Reporting Council of Nigeria in the country’s economic development.

“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 crucial period as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and efforts to align Nigeria’s corporate reporting framework with international best practices,” the statement read.

The President also expressed confidence that Elebute’s experience and leadership would strengthen the council’s operations and support the administration’s economic reform agenda.

“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.