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Minister urges FRC to enforce accounting standards

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo By Fri May 07 2021 The Minister of Industry, Trade and Investment, Adeniyi Adebayo, has tasked the newly appointed Executive Secretary of the Financial Reporting Council of Nigeria (FRC), Alhaji Shuaibu Adamu Ahmed, on the need to develop sound accounting and financial reporting standards in accordance with the Act establishing the council. The minister, who inaugurated the new executive secretary on Thursday, also emphasised the need for the FRC to achieve its mandate. He told the new executive secretary to see his appointment as a privileged one based on his past achievements and ensure that he left landmark achievements when he leaves office.

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