About FRC

To bring utmost confidence to investors, reputation to oversight and ensure quality in accounting, auditing, actuarial, valuation and corporate governance standards and non-financial reporting issues.

To be the conscience of regulatory assurance in financial reporting and corporate governance in Nigeria


In all that we do, we hold to our core values of integrity, accountability, transparency and fairness.


Facts About FRC

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

The FRC is responsible for, among other things, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria; and for related matters.

The Council’s main objects, as defined in the FRC Act, are to:

The benefits of high-quality Financial Reporting are numerous. They include:


Management Team

Dr. Rabiu Olowo

Executive Secretary/
Chief Executive Officer

I. O. Anyahara

Director, Directorate of Accounting Standards – Public Sector

T. E. Osawe

Director, Directorate of Corporate Governance

K. M. Jemaku

Director, Finance & Accounts

V. O Okhiria

Deputy Director, Directorate of Accounting Standards – Private Sector

A. B. Amoo

Deputy Director, Directorate of Auditing Practices Standards

E. D. Nnoruka

Deputy Director, Board Secretary & General Counsel

F. C. Azubuike

Deputy Director (Policy, Planning, Research and Statistics)

E.E Okoli

Deputy Director, Human Capital & Administration

Board Members

The Board consists of representatives of: