Section 20: Executive Secretary and other Staff of the Council.(as amened by Section 6 of the Financial Reporting Council of Nigeria (Amendment) Act, 2023.)

(1) There shall be for the Council an Executive Secretary who shall-
(a) be appointed by the President;
(b) be the Chief Executive and Chief Accounting Officer of the Council;
(c) be a professional accountant and has been so qualified for not less than 10 years ;
(d) be responsible for the execution of policy and the day-to-day administration of the affairs of the Council; and
(e) perform such other duties relating to the mandate of the Council as the Board or the Chairman may, from time to time, assign to him.
(2) The Executive Secretary shall hold office :
(a) for a term of 4 years in the first instance and may be re-appointed for a further term of 4 years and no more, and
(b) on such terms and conditions as may be specified in his letter of appointment.
(3) The Board shall be responsible for the appointment, promotion, discipline and welfare of senior management staff from grade level 15 and above for the Council as it may deem necessary and expedient from time-to-time for the proper and efficient performance of the functions of the Council.
(4) The terms and conditions of service including remuneration, allowances, benefits and pensions of the staff and employees of the Council shall be determined by the Board.
(5) The Board shall define the duties and fix the salaries, allowances or other compensation of staff appointed under sub-section (3) at a level that is comparable to private sector or other regulatory organizations.