New FRCN Boss Vows to Enforce Accounting Standards in SEC, Others

James Emejo in Abuja
The newly appointed Executive Secretary/Chief Executive, Financial Reporting Council of Nigeria (FRCN), Alhaji Shuaibu Ahmed, yesterday said, he is committed to the enforcement of accounting standards, supervision and collaboration with regulatory supervisory bodies including the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN) and the National Pension Commission (PenCom).
He also listed the Corporate Affairs Commission (CAC) and National Insurance Commission (NAICOM) as other priority institutions to be assessed during his regime.
He spoke during his inauguration by the Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, in Abuja.
The minister, had earlier tasked the FRCN boss on the need to develop a sound accounting and financial reporting standards in accordance with the Act establishing the council.

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