FRC at Three: Renewing, Restructuring and Reforming Nigeria’s Financial Reporting Regulator

By Abubakar Yusuf

Three years into the administration of Dr. Rabiu Onaolapo Olowo as Chief Executive Officer and Executive Secretary of the Financial Reporting Council of Nigeria (FRC), the council has embarked on a series of administrative, operational and regulatory reforms aimed at strengthening its institutional capacity and improving financial reporting standards in Nigeria.

Olowo was appointed by President Bola Ahmed Tinubu on October 12, 2023, with a mandate that included repositioning the council, strengthening its operations and improving its effectiveness as Nigeria’s financial reporting regulator.

Since assuming office, the FRC leadership has focused attention on regulatory oversight, staff development, infrastructure, revenue generation, service delivery and greater engagement with stakeholders.

Originally published by
globaltimesnigeria.com

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