Tinubu appoints Kunle Elebute as FRCN board chairman to boost governance

President Bola Ahmed Tinubu has appointed chartered accountant Kunle Elebute as Chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN), effective June 18, 2026. Elebute brings over four decades of experience, having served as Senior Partner and CEO of KPMG Nigeria, Chairman of KPMG West Africa and Africa, and member of KPMG’s Global Board Audit Committee. The Presidency says the appointment aims to strengthen corporate governance, enhance transparency and accountability, and boost investor confidence in Nigeria’s financial reporting system. FRCN sets and enforces standards for financial reporting, auditing, actuarial practice, valuation, and corporate governance, playing a vital role in safeguarding market integrity and protecting investors. The move comes as FRCN advances priorities under the UK-Nigeria Enhanced Trade and Investment Partnership and works to align Nigeria’s corporate reporting framework with global best practices, supporting the Renewed Hope Agenda’s goal of a more transparent, competitive, and investment-friendly economy. Readers should note this signals continued government focus on strengthening regulatory institutions, which may improve confidence for investors and professionals operating in Nigeria’s financial sector.

SOURCE: https://dailypost.ng/2026/06/18/president-tinubu-names-kunle-elebute-frcn-board-chairman/