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Corporate Governance and Financial Reporting in the Nigerian Banking Sector: An Emperical Study


  • Lawrence Imeokparia

    (Department of Financial Studies, College of Management Science, Redeemer’s University, Mowe Ogun State Nigeria.)


The objective of corporate governance in the strategic management of the banking industry in Nigeria is to ensure hearth financial system and economic development .This study therefore discusses the corporate governance and financial reporting in the banking institutions in Nigeria, This study was embarked upon to explore the intricacies of corporate governance and financial reporting issues in the banking industry. A total of 133copies of questionnaires were distributed. The respondents consist of regulatory institution, bank employees and bank customers. The data collected were presented in frequency, tables and analysed using Statistical Package for Social Sciences. The study revealed that the relatively stronger Nigerian banking industry is faced with diverse ethical issues despite the reformative consolidation exercise and although codes and standards guiding sound governance and ethical reporting have gone a long way in salvaging the banking profession, it may not be adequate to face the new ethical challenges in post-consolidation, especially in the absence of an adequately equipped system of supervision. The recommendations highlighted by this study may be summarized into a singular action plan, which entails the unification of ethical regulations and introduction of legal enforcement to ensure compliance in governance and its consequent reporting.

Suggested Citation

  • Lawrence Imeokparia, 2013. "Corporate Governance and Financial Reporting in the Nigerian Banking Sector: An Emperical Study," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(8), pages 1083-1095, August.
  • Handle: RePEc:asi:aeafrj:2013:p:1083-1095

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    References listed on IDEAS

    1. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    2. repec:hrv:faseco:30747162 is not listed on IDEAS
    3. Abhiman Das & Saibal Ghosh, 2004. "Corporate Governance in Banking System: An Empirical Investigation," Industrial Organization 0411004, EconWPA.
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