CORPORATE GORVERNANCE AND INVESTOR PROTECTION IN NIGERIA: ISSUES, REFORMS, AND POLICY DIRECTIONS

Abstract

This paper examines issues and developments in corporate governance in Nigeria and highlights the need to provide guiding principles. The paper is conceptual in nature. The study revealed different forms of corporate governance models and issues associated with corporate governance. It also examined recent developments in Nigeria. Based on the findings, it was discovered that corporate governance in Nigeria faces numerous challenges, including unethical business practices, problematic ownership structures, an ineffective judicial system, and weak regulatory and enforcement mechanisms. Therefore, the study seeks to institutionalise a corporate governance code of best practices in Nigeria. It also recommends, among other things, that the government should establish an Institute of Corporate Governance for the teaching and promotion of good corporate governance. Secondly, it recommends the establishment of a separate court to try corporate governance offenders.