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Corporate governance deficits : the implications for Nigerian banking sector

Ajibo, Kenneth Ikechukwu


Kenneth Ikechukwu Ajibo


Rhuks Temitope Ako

Mike, 1979 Varney


In 2009, the Nigerian banking sector experienced an upheaval that was unparalleled in the nation’s financial history as a result of poor corporate governance practices in the sector. These deficits in corporate governance culture included: poor management, fraud and insider abuse by management and board members, loan losses and poor risk management, inadequate supervision, regulatory and enforcement lapses and other crises of confidence among the corporate stakeholders. In light of the economic and social impact of governance failures in banks which has led to the poor investment environment, depletion of investors’ funds and job losses, this research is particularly justifiable as it aims to consider measures that might rekindle confidence in Nigeria’s banking sector. Furthermore, entrenching good corporate governance practices in Nigeria’s banking sector will benefit economies of countries on the Continent and beyond where Nigerian banks maintain some banking activities. This thesis aims to critically examine corporate governance deficits and its implications for the future of Nigeria’s banking sector. In essence, it aims to analyse the legal, regulatory and institutional frameworks that regulate the corporate governance culture in line with global best practices for operators and regulators of the Nigerian banking sector. Building upon relevant corporate and regulatory theories; and incorporating current realities as they relate to the regulation of companies, this thesis suggests a regulatory model which is based on risk management as an approach to managing risks in corporate governance and as part of the corporate governance resolution process. As a library-based research, this thesis is doctrinal and its methodology remains analytical and exploratory in approach.


Ajibo, K. I. (2015). Corporate governance deficits : the implications for Nigerian banking sector. (Thesis). University of Hull. Retrieved from

Thesis Type Thesis
Deposit Date Feb 3, 2022
Publicly Available Date Feb 24, 2023
Keywords Law
Public URL
Additional Information Law School, The University of Hull
Award Date Sep 1, 2015


Thesis (1.9 Mb)

Copyright Statement
© 2015 Ajibo, Kenneth Ikechukwu. All rights reserved. No part of this publication may be reproduced without the written permission of the copyright holder.

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