BAKOLORI JOURNAL OF GENERAL STUDIES

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Chukwuemeka Maurice, E., (2021). A CRITICAL REVIEW OF CORPORATE GOVERNANCE IN NIGERIAN BANKING INDUSTRY. BAKOLORI JOURNAL OF GENERAL STUDIES, 11, 1-2. https://doi.org/10.xxxx/abcd

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Abstract

Corporate governance is a crucial issue for the management of banks andhas recently been given a great deal of attention in various national and international forays. This paper therefore undertakes a critical review of corporate governance issues in Nigerian banks. The paper adopts a descriptive research method with content analysis drawn from scholarly articles and various library materials.It is observed that Corporate Governance is necessary for the proper functioning of banks, given the important financial-intermediation role of banks in an economy. The unique feature of the banking sector demands extensive attention on the quality of corporate governance systems. It is established that weak corporate governance has been one of the root causes of bank failures in the past, not just in Nigeria, but across the global financial sector. The paper therefore recommends that there should be zero tolerance for infraction of corporate governance in the banking industry. More so, the Regulatory Authorities should increase their oversight functions and scope of examination of banks to encourage compliance with laid down rules and regulations.

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