President Bola Tinubu has announced an appointment for a renowned chartered accountant and financial management consultant, Kunle Elebute. According to the presidency, Elebute was appointed to be the chairman of the governing board of the FRCN, a financial reporting council,
Elebute was a popular and influential financial expert, and his appointment was to strengthen the corporate governance and deepen accountability
This was disclosed in a statement by the presidency on Thursday, June 18, adding that his appointment, adding that his appointment was meant to strengthen corporate governance, deepen accountability and transparency, as well as enhance the confidence of investors within the financial reporting ecosystem of Nigeria.
President Bola Tinubu has appointed Kunle Elebute as the chairman of the governing council of FRCN...READ THE FULL ARTICLE HERE .
The statement reads in part:
“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.”
Who is Kunle Elebute?
According to The Punch, Elebute is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with over 40 years of professional experience in Nigeria, West Africa and the world at large.
Elebute had earlier served as the senior partner and chief executive officer of KPMG Nigeria, the KPMG West Africa chairman and the chairman of KPMG Africa. Also, he had served on the regional and global boards of KPMG, such as its Global Board Audit Committee.
In the statement, he was described as a highly respected professional with wide experience in financial advisory services, auditing, strategic transformation, risk consulting and corporate governance.
The development was the latest move by the president in actualising his economic policies since his resumption to office in 2023, when he started with the removal of the fuel subsidy and the unification of the exchange rate.
Nigerians react as Tinubu appoints Elebute
At the same time, the news of his appointment has started generating reactions from Nigerians. Below are some of their comments:
Segun Benson said the appointment should have gone to another qualified person in another region of the country:
“I would have expected Mr President to appoint a qualified person from another region.. no shades.”
Nigerians have started reacting as President Bola Tinubu announced the appointment of Kunle Elebute as the chairman of the governing council of FRCN.
Nigerians react as President Bola Tinubu appoints Kunle Elebute as chairman of the FRCN governing council
Dimeji Lawal said that Nigerians are on the lookout for the effect of the appointment:
“The appointment is one thing. The impact of the appointment is what Nigerians will be watching.”
Danjuma claimed that Tinubu’s appointments are following a particular pattern of the late former president Muhammadu Buhari:
“I like Tinubu for this, he is following the footsteps of Buhari, who fulanised Nigeria with his appointments.”
Shamsuddeen commended the appointment of Elebute by President Tinubu, describing it as wonderful:
“That’s another wonderful selection by President Tinubu GCFR by appointing Mr Elebute. Congratulations sir.”
