The Role of Corporate Governance in the Growth of Nigerian Banks
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This study investigates the role of corporate governance in the growth of Nigerian
Banks. A critical review of the situation in the Nigerian corporate environment shows
that there have been several cases of abuse of trust by board of directors in some banks,
which can be reduced through corporate governance. This study employs Correlation
analysis to analyze result generated from the questionnaire administered to bank staff
on the subject. The findings reveal that the problems of corporate governance in the
Nigerian banking sector include: instability of board tenures, board squabbles,
ownership crises, high level of insider dealings. While the weaknesses of corporate
governance have been identified to include ineffective board oversight functions,
disagreement between boards and management giving rise to board squabbles, lack of
experience on the part of the Board of director’s members and weak internal control. It
is therefore recommended that issues bordering on poor corporate governance which
come to notice should be promptly tackled while customers should report such issues to
regulatory authorities.
Keywords
H Social Sciences (General), JZ International relations