March 24, 2025
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March 20, 2025

The Financial Reporting Council (FRC) of Nigeria is pleased to announce that the investigation into Mr. Abel A. Onyeke’s audit engagements has been concluded. Following a thorough quality review of the firm and its engagements, it has been determined that the issues which led to Mr. Onyeke’s suspension were not pervasive in other audit engagements reviewed by our team, and all identified concerns have been satisfactorily resolved.

As a result, the Council hereby lifts the three-month suspension imposed on Mr. Abel A. Onyeke, as communicated in our letter dated May 28, 2024. This decision restores all rights and privileges associated with his registration with the Council.

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March 7, 2025

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March 24, 2025

Celebrating a Legacy of Leadership

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March 20, 2025

Public Notice: Lifting of Suspension on Mr. Abel A. Onyeke

The Financial Reporting Council (FRC) of Nigeria is pleased to announce that the investigation into Mr. Abel A. Onyeke’s audit engagements has been concluded. Following a thorough quality review of the firm and its engagements, it has been determined that the issues which led to Mr. Onyeke’s suspension were not pervasive in other audit engagements reviewed by our team, and all identified concerns have been satisfactorily resolved.

As a result, the Council hereby lifts the three-month suspension imposed on Mr. Abel A. Onyeke, as communicated in our letter dated May 28, 2024. This decision restores all rights and privileges associated with his registration with the Council.

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March 14, 2025

ARAACM Delegation Visits FRC to Foster Collaboration

The Association of Reporting Accountants and Auditors in the Capital Market (ARAACM) paid a courtesy visit to the Financial Reporting Council (FRC) of Nigeria on Tuesday, March 11, 2025, at the FRC’s Lagos office. The purpose of the visit was to discuss collaborative efforts aimed at ensuring compliance with the FRC Act, regulations, codes, and guidelines.

The delegation was warmly received by the Executive Secretary/CEO of the FRC, Dr. Rabiu Olowo, along with some senior management members of the Council.

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The Financial Reporting Council (FRC) of Nigeria is a federal government agency established by the Financial Reporting Council of Nigeria Act, No. 6, 2011(as amended). It is under the supervision of the Federal Ministry of Industry, Trade and Investment.

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