FRC and ICSAN Deepen Collaboration to Advance Corporate Governance in Nigeria

The Executive Secretary of the Financial Reporting Council of Nigeria, Dr. Rabiu Olowo, has reaffirmed the Council’s commitment to strengthening corporate governance through active collaboration with professional bodies. This assurance was given on Tuesday, January 20, 2026, during a courtesy visit by the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), led by its President/Chairman of Governing Council, Mrs. Uto Ukpanah, FCIS, at the FRC office in Lagos.

Welcoming the ICSAN delegation, Dr. Olowo described the FRC as a cornerstone of regulatory assurance and emphasized the critical role of strategic partnerships in addressing the evolving challenges of governance. He expressed strong support for ICSAN’s collaboration proposals, noting the alignment of both institutions’ objectives and the value of structured engagement with relevant professional bodies. Dr. Olowo further pledged the Council’s continued support for ICSAN’s initiatives and highlighted the importance of robust governance practices, particularly within the private sector.

The Executive Secretary also welcomed the proposed bill to reposition ICSAN as the Chartered Governance Institute, recognizing it as a significant step toward elevating governance standards nationwide. He commended the proposed ICSAN Chairman/CEO Forum, identifying it as a valuable platform for promoting leadership and accountability across corporate Nigeria.

In her remarks, Mrs. Uto Ukpanah expressed gratitude to the FRC for the ongoing partnership and noted that the visit coincided with ICSAN’s 60th anniversary, a milestone in the institute’s history. She reiterated ICSAN’s commitment to deepening collaboration with the Council, highlighted the legislative efforts to reposition the institute, and emphasized the shared vision of advancing governance standards in Nigeria.

This engagement marks another step forward in the ongoing efforts by FRC and ICSAN to foster a culture of excellence, leadership, and accountability in Nigeria’s corporate landscape.