FRC Chairman Reaffirms Commitment to Sound Financial Governance at Fourth Quarter Risk Roundtable

By Iyojo Ameh

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., has reaffirmed the Commission’s unwavering commitment to fostering fiscal discipline, transparency, and prudent financial management in Nigeria, in line with the Fiscal Responsibility Act (FRA) 2007.

Muruako made the declaration during his participation at the Fourth Quarter Risk Roundtable (QRRT) held at Rockview Hotel, Abuja, and organized by the Chartered Risk Management Institute of Nigeria (CRMI) in collaboration with TAJBank.

The high-level forum brought together regulators, financial operators, and risk management professionals to share insights on emerging challenges and opportunities shaping Nigeria’s and the global business landscapes.

According to Augustar Ehiaghalua, the QRRT has, since inception, hosted over 5,000 participants, becoming a vital hub for capacity building and professional development in risk management. This edition focused on strengthening institutional capacity, deepening professional competence, and enhancing leadership in risk governance amid an evolving economic environment.

Delivering the keynote address, Dr. Jameelah Shirriff-Ayedun presented a paper titled “Ethical Imperatives for Finance in a Digital-First World,” stressing the importance of integrity and ethical decision-making in financial management. Similarly, Mrs. Amal Haruna spoke on “Risk Governance and Strategic Growth in a Digital-First World,” highlighting the critical role of structured risk frameworks in driving sustainable organizational success.

The event also featured participation from key institutions, including the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), First Bank of Nigeria, TAJBank, and other major players in the financial sector.

The FRC’s participation at the roundtable reflects its statutory mandate under the Fiscal Responsibility Act 2007, which charges the Commission with ensuring prudent management of the nation’s resources, promoting macroeconomic stability, and enhancing transparency in fiscal operations across all tiers of government.

The engagement underscores the Commission’s determination to work closely with stakeholders in strengthening the culture of risk-informed fiscal governance and accountability within Nigeria’s public finance system.