1. NEWS
  2. Biometrics Capture
  3. Online Reg. Process

PUBLIC HEARING ON NCCG 

 

The Council shall hold a final Public Hearing on the National Code of Corporate Governance (NCCG) on June 23, 2016 at Airport Hotel, Ikeja, Lagos. The amended/updated National Code can be downloaded herein by clicking on Corporate Governance on the website.  

BREAKING NEWS!!!

 

Council releases Rule 8: Functional and Presentation Currencies.

 In line with the provisions of International Financial Reporting Statndards, entities are faced with two matters in terms of the currency in which their Financial Statements are presented.

For Council's rule on this matter, go to Board Activities, Click on Council's Rules and Scroll to Rule 8.

 

IPSASB's Exposure Drafts 

The Council invites you to comment on IPSASB's Exposure Drafts No. 59, 60 and 61. READ MORE

 

 

   CLARIFICATION!!! 

 Reply to CBN Governor's letter on FRC Regulatory Decision on Stanbic IBTC Holdings Plc. (Click here for details

 

 

 

 

 

 

 

December 29, 2015

REVISED DRAFT OF THE NATIONAL CODE OF CORPORATE GOVERNANCE

Following the conclusion of the two public hearings held June 30thand July 2nd, 2015 in the first instance and the review of the amended areas during the Financial Reporting Summit held on the subject on December 22-23, 2015, please find the amended version of the Codes for your final comments. Comments should be made in writing directly to the Lagos office of our Council.

The period of comments is up until 6pm, January 31st, 2016. 

Click on ‘Corporate Governance’ above for details 

 

 

 BREAKING NEWS!!!

 FRC issues Regulatory Decision on Stanbic IBTC Holdings Plc. - Directs the entity to withdraw and restate their financial statements for years ended 31st December 2013 and 2014. - Suspends the FRC registration of four of the Directors and that of the Audit Engagement Partner (Click here for details).  

 

FRC's rejoinder to Stanbic IBTC Holdings Plc advertorial on page 2 of Businessday newspaper of Tuesday, October 27, 2015 (Read More).

Biometric CapturePlease be informed that Professionals who have duly completed their registration process with our Council, up to payment stage should proceed to the nearest FRC Office or Desk office located at the Corporate Affairs Commission as here under for their biometric data and capture


 

1. Financial Reporting Council of Nigeria

Federal Secretariat Complex

Phase II, BLK C, Shehu Shagari Way

Central Business District

Abuja

2. Corporate Affairs Commission Office

Wuse Zone 5

Old C.A.C

Abuja

3.  Corporate Affairs Commission Office

Plot 420, Tigris Crescent

Off Aguiyi Ironsi Crescent

Maitama, Abuja

4. Corporate Affairs Commission Office

Plot 31B, Okpara Avenue

Enugu

5. Corporate Affairs Commission Office

44, Adegoke Adelabu

Total Garden, Adjacent K.S. Hotel

Yemetu

Ibadan

6. Corporate Affairs Commission Office

1, Yakubu Avenue,

Behind Lugard Hall

Kaduna

7. Corporate Affairs Commission Office

Otunba Jobi Fele Way

Alausa, Lagos

8. Corporate Affairs Commission Office

18/20, Catholic Mission Street

Opposite City Hall

Lagos Island

Lagos

9. Financial Reporting Council of Nigeria

Elephant Cement House

Assbifi Road

Alausa, Lagos

10. Corporate Affairs Commission Office

30, Danjuma Drive

Off Trans Amadi Industrial Layout

Port Harcourt

NOTICE! NOTICE!! NOTICE!!!

FRC, ABUJA HAS RELOCATED TO

4TH FLOOR, FEDERAL SECRETARIAT COMPLEX,

PHASEII, BLK C, SHEHU SHAGARI WAY,

CENTRAL BUSINESS DISTRICT, ABUJA

 

NOTICE! NOTICE!! NOTICE!!!

FRC HAS RELOCATED TO

4TH FLOOR, LCCI HOUSE

NO 10, NURUDEEN OLOWOPOPO STREET,

(NEAR MKO ABIOLA GARDENS)

CENTRAL BUSINESS DISTRICT,

ALAUSA, LAGOS.

 

ONLINE REGISTRATION PROCESS WITH FRC

1. Kindly go to our website: www.financialreportingcouncil.gov.ng (Do make sure that your internet browser is either Explorer 9 OR Google Chrome OR Mozilla Firefox).

2. On the major heads at the site, click on “Registration” and open to “Individual Professional”. (Please note that all Professionals irrespective of field of study are to register: see Section 41 of Financial Reporting Council Act of Nigeria 2011).

3. Complete the application form: (Kindly make sure you have your passport photograph, copies of your educational and professional certificates and your signature scanned; as you shall be required to upload them).

4. Make payment either online or at any Bank branch with a print-out of your Transaction Code..Read More

5. Submit the printed completed form to FRC office.

6. Kindly call Mrs. Kate Aliu on 08036668903 or 017936101 if you need assistance.

The documents needed for registration:

1. Photocopies of your Professional and Educational certificates

2. One passport sized photograph that must be;

  • 50mm high x 50mm wide
  • A recent and true likeness, showing full face, without hat, helmet or sunglasses.
  • Original - that is not digitally or optically altered (for example it must not be 'photo-shopped' or 'touched-up').
  • Taken against an off-white, cream or light grey background so that your features are clearly distinguishable against the background.

Note: Photographs that do not conform to these standards will be rejected and may cause a delay in processing your application.

3. Photocopies of National Identity Card, International Passport or Driver's Licence.

4. A scanned copy of your signature.

5. Evidence of payment of the appropriate non refundable registration fee of Seventeen Thousand Three Hundred Naira (N17,300) only for individual professional or Two Hundred and Nineteen Thousand, Three Hundred Naira (219,300) for multiple professional.

6. Ensure payment is made within 48hours of registration after which your transaction code expires to revalidate, it attracts a fine of TwoThousand, Five Hundred naira (N2,500) only.

7. Payment is still STRICTLY on REMITA PLATFORM 

8. Please DO NOT register twice as this will attract a penalty fee of Five Thousand Naira (5,000) only.

 

Note: All certificates should be scanned in PDF format while your passport photograph and signature in JPG format for upload during the registration online. 

 

 

ON-LINE COMPANY REGISTRATION PROCESS

 Kindly go to our website: www.financialreportingcouncil.gov.ng

Ensure that your internet browser is either Explorer 9 OR Google Chrome OR Mozilla Firefox

On the right side of the site, Click on Registration, then click Company/Enterprise (on the drop down)

Scan: Signature (of contact person) for upload

Fill the Form. (after filling, submit and print the form; then click Save and print a number that appears on the screen)

Annual Due Rates:

Limited and Enterprises. See Section 33 (c) of the FRC Act, 2011.  Click here for details (Please note that your preceding year’s turnover determines your current year annual due payment.)

Listed or Quoted companies:

See Section 33 (b) of FRC Act, 2011. Click here for details. (Please note that the calculation of your annual dues is based on your market capitalisation as at January 1 of every year OR your market capitalisation as at the date you are listed/quoted on the Exchange in that very year.)

Pay Point

Make your payment at any of our offices nearest to you. Click here for locations.

 Submit to the Council: the printed Form, Financial Statements (of previous two years) and your annual due payment (cheque or cash).

 Anual Due Rate for Ltd. Coy/Ent.

Tuneover                                                            Annual Dues

    =N=                                                                       =N=

Less than 50m                                                           5,000.00

50m - 500m                                                              20,000.00

500m - 1bn                                                               50,000.00

1bn - 10bn                                                              100,000.00

10bn and above                                                    1,000,000.00

 Please note that the preceeding year's turnover determines your current annual due payment

 FRC annual dues payment is effective from 2011. Arrears dues for 2006 - 2010, if any, under NASB to be paid (at 5,000.00 p/a)

 

 

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