Mixed Reactions as Tinubu Announces Fresh Appointment for FRCN Board
- President Bola Tinubu has announced the appointment of 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
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President Bola Tinubu has announced the appointment of Kunle Elebute, a renowned chartered accountant and financial management consultant, as the chairman of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
This was disclosed in a statement by the presidency on Thursday, June 18. The statement noted that his appointment was meant to strengthen corporate governance, deepen accountability and transparency, as well as enhance investor confidence within the financial reporting ecosystem of Nigeria.
Source: Twitter
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 international market.
Elebute previously served as the senior partner and chief executive officer of KPMG Nigeria, as well as the KPMG West Africa chairman and the chairman of KPMG Africa. Additionally, he sat on the regional and global boards of KPMG, including 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 marks the latest move by the president to actualise his economic policies since assuming office in 2023, following major reforms like the removal of the fuel subsidy and the unification of the exchange rate.
Nigerians react as Tinubu appoints Elebute
The news of his appointment has generated mixed reactions from Nigerians on social media. Below are some of their comments:
Segun Benson argued that 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."
Source: Twitter
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 follow a particular pattern similar to his predecessor:
"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."
Read more comments on the appointment on X here:
Tinubu's appointed ambassador gets UN election
Legit.ng earlier reported that President Bola Tinubu's recently appointed permanent ambassador to the United Nations, Jimoh Ibrahim, was elected as chairman of the budget and administration for the Fifth Committee of the UN General Assembly.
Jimoh Ibrahim's appointment came at a time when the United Nations was facing a budget shortfall of over $1.8 billion after cuts to foreign aid.
Ibrahim, who was a former senator, expressed gratitude to the UN body, promising that he would be committed to providing strategy and stewardship of corporate governance.
Proofreading by Funmilayo Aremu, copy editor at Legit.ng.
Source: Legit.ng
