The Nation Newspaper

Tag: corporate

  • Legal, corporate giants shine at ESQ Awards, seek reforms

    Legal, corporate giants shine at ESQ Awards, seek reforms

    There is a need for renewed commitment to reform, transparency and ethical conduct in the judicial and corporate legal systems.

    The call was made at the ESQ Nigerian Legal Awards 2025 in Lagos, where legal practitioners, business executives, academics and public policy leaders gathered to celebrate outstanding achievements in the profession.

    The event had the theme: “Celebrating the important contribution of lawyers to businesses.”

    It reflected the indispensable role of legal practitioners in shaping economic development, negotiating complex business deals and sustaining governance frameworks across different sectors of the economy.

    Founder of The Elevation Church, Pastor Godman Akinlabi, who gave the keynote address, stressed that Nigeria’s progress depends heavily on the integrity and leadership of its legal professionals, describing the legal system as the backbone of any functioning society.

    He said: “It is practically impossible to build a strong nation without a strong legal body. The foundations of our country are weakening, and the responsibility rests on everyone in the legal space to rebuild them with integrity, value-driven practice and ethical responsibility.”

    He expressed concern over the declining public trust in the judiciary, noting that the profession was once regarded as the guardian of justice and moral order.

    Read Also: Judicial impunity: ‘NJC being strengthened to bite harder’ – Kekere-Ekun

    “It breaks my heart that the legal profession, once one of the most respected in society, is increasingly being associated with corruption and political manipulation. Meaningful work that stands the test of time is built on values and legacy,” he lamented.

    Lere Fasola, Founder and Publisher of ESQ Legal Blitz and Convener of the Awards, described the Nigerian Legal Awards as the “Grammy of the legal profession”.

    He said the goal was not only to honour exceptional lawyers but also to emphasise the strategic role they play in enabling business growth.

    “Lawyers are the powerhouse behind major business transactions. They structure deals, conduct due diligence, ensure compliance and resolve disputes.

    “Without lawyers, many of the major investments and economic activities in this country simply would not happen,” he said.

    He acknowledged the challenge of sponsorship but urged companies and public institutions to support platforms that encourage accountability, innovation and institutional development in the legal system.

    Fashola added: “Our responsibility goes beyond recognition. It is to inspire a generation that will strengthen the rule of law and build institutions that endure.”

    The Awards’ judging panel, chaired by the head of Stephenson Harwood’s Africa and India groups, Kamal Shah, noted a steady rise in the sophistication and global relevance of Nigerian legal practice.

    “What we see emerging from Nigeria today is a legal market that is not only competitive but increasingly influential on the global stage.

    “However, young lawyers must broaden their knowledge, become commercially aware and seek mentorship to stay relevant.” he said.

    The awardee, Khadija Belgore Yusuf, Head of Legal and Compliance at Rendeavour/Alaro City, described the award as a testament to hard work and equal opportunity in the profession.

    “Gender, age or background should not be barriers. What matters is competence, focus and dedication,” she said.

    General Counsel of Zenith Bank, Michael Osilama, emphasised that legal reforms must remain continuous, particularly to address working conditions and remuneration for young lawyers.

    “The profession is evolving, and reforms must evolve with it. Mentorship is key to preserving the values of law as a noble profession,” he said.

    The evening celebrated outstanding achievements across the legal industry, with several notable recognitions presented.

    Olaniwun Ajayi was honoured as Law Firm of the Year in Project Finance and Intellectual Property.

    Aluko & Oyebode received multiple awards, including top recognition in Aviation, Banking & Finance, Immigration, Media & Entertainment, as well as a Regional Excellence Award.

    G. Elias & Co. was recognised for excellence in Mergers & Acquisitions, Labour & Employment, and Mining.

    Individual honours also highlighted exceptional leadership and contribution. Dr. Tolu Adeyemi received the Business Law Award, Bisoye Akoka received Business Law of the Year, while Albo was named Regulatory Team of the Year. Olakunle Williams received the Group Business Icon Award, and Rilwan Idris was awarded Managing Partner of the Year.

    Slingstone LP was celebrated as Law Firm of the Year, and Newswire took home the Law Blog of the Year Award.

    The Nigerian Legal Awards continues to serve as a symbol of excellence and a platform for advancing higher standards across the legal industry.

  • Authors and corporate sponsorship

    Authors and corporate sponsorship

    Live music, spoken poetry, bright lights, book reading and colourful murals created an alluring ambience that enlivened the mood of the eclectic crowd that gathered at the unveiling ceremony of Dr Ebidenyefa Tarlia- Nikade’s tragic novel: “When Tomorrow Beckons”.

    The book launch, which was held weekend, in Yenagoa, Bayelsa Capital, attracted the Bayelsa Governor’s wife, Justice Patience Diri, government functionaries, literary enthusiasts, writers, academia, poets and the traditional institution.

    Justice Diri, who was special guest of honour, urged the private sector and development partners to support authors by sponsoring reading programmes and endowing prizes for research and writing.

    According to her, “ideas are the raw materials for innovation”, stressing that “when we invest in knowledge, we compound progress”.

    She reiterated the imperatives of discipline and cultivating a strong reading culture, stressing that knowledge, hard work, and integrity remain the surest path to personal growth and lasting impact.

    Diri emphasized the vital role of books in shaping ideas, preserving memory, and inspiring future generations.

    She described the occasion as more than just a literary event, but a celebration of knowledge, culture, and progress that resonates with the values of society.

    Read Also: Shadow govt: Pat Utomi knows fate Monday as court delivers judgment in DSS’ suit

    Commending the author for her effort, Justice Diri, stressed the value of book which she said came at a timely moment, noting that literature preserves memory, sparks public debate, and inspires young people.

    “When Tomorrow Beckons is a work that arrives at a timely moment for our society and those who care about ideas, culture and progress. I congratulate the author for the courage, discipline and generosity it takes to bring a manuscript from a quiet idea to a book we can hold and read.

    “I love literature, I love books and I love to write. Books are unique, they travel farther than their authors and they live longer than their first readers. They preserve memory, sharpen public debate and give young minds something worthy to aspire to,” she added.

    She said the novel provides clarity, balance, and lessons that makes it useful for literature scholars and readers alike.

    Chairman, Pan Niger Delta Forum (PANDEF) Ambassador Godknows Igali, who chaired the occasion, praised the author for telling the Ijaw story with candour, courage using literature to of an indigenous riverine people.

    His words, “The book touches on the Ijaw identity and who we are as a people in the Niger Delta. Young people should turn to writing about their origin as a way to preserve our history.”

    Dr. Ebidenyefa Tarila-Nikade said proceeds of the book launch would be channelled towards the Spelling Bee Bayelsa competition which is in its fourteenth year.

    She said the Spelling Bee competition targets children in primary and secondary schools across the state.

    She said, “The Spelling Bee is to encourage children to develop interest in mentally rewarding activities. We plan to give financial rewards, educational materials, and, if possible, scholarships to participants.”

    She further noted that When Tomorrow Beckons was written to promote Ijaw culture, stressing that the book shows the people’s cosmology, traditions, and values beyond oil struggles and poverty.

    “It is to tell the world that we are strong people with our norms, our taboos, our worldview, and our rich cultural heritage. Our food, our dressing, everything is embedded in this work,” she said.Dr. Tarila-Nikade urged young writers to be intentional and disciplined in their craft, stressing that, “For you to carve a niche for yourself, you have to take time to engage in deep research in your area of interest and come out with something laudable that will be worthy of accolades,” she urged.

    She encouraged young people to balance social media with serious reading and research, adding that consistent engagement with books remains the key to greatness.

  • Puzzling corporate prosperity in harsh times

    Puzzling corporate prosperity in harsh times

    • By Elvis Eromosele

    In the first quarter of 2025, a curious paradox is playing out across Nigeria’s economic landscape. Discerning observers will notice that the nation’s economic landscape tells a story of stark contrasts. On the one hand, households groan under the weight of runaway inflation, forex instability, fuel price hikes, and an unrelenting surge in the cost of living. On the other hand, a stream of earnings reports from banks, telecoms, FMCGs, and even manufacturing firms show a steady rise in revenues and profits. It almost feels surreal: while the average Nigerian tightens their belt to survive, boardrooms are raising glasses to another quarter in the black. How are companies thriving when their customers are barely surviving?

    The answer appears to lie in a complex interplay of strategic pricing, market consolidation, cost-cutting measures, and, unfortunately, consumer sacrifice. Many of Nigeria’s leading corporates have adopted recession-proof strategies that prioritise shareholder value, often at the expense of affordability and accessibility for the average consumer.

    Take the financial sector, for instance. Tier-one banks such as Zenith (PAT N312 billion), GTCO (PAT N258 billion), and Access Holdings (PAT N182 billion) all reported robust Q1 2025 profits. These were largely fuelled by non-interest income, transaction charges, FX revaluation gains, and aggressive digital expansion. While interest rates soared, banks reaped returns on government securities and leveraged forex differentials to boost their margins. Meanwhile, small business owners and salary earners struggle to get loans or survive excessive transaction fees.

    In the telecoms space, MTN Nigeria (PAT N133 billion) and Airtel Africa (PAT $31 million) posted impressive earnings as data consumption remains inelastic, even during hard times. With more Nigerians relying on mobile data for work, education, and survival, telcos are cashing in. However, data costs have steadily increased, often quietly, adding to household burdens.

    Read Also: 2025 UTME result ranks best in 12 years despite glitches, says JAMB

    Fast-moving consumer goods (FMCG) giants like Nestlé (PAT N30 billion), Cadbury Nigeria (PAT N5.9 billion) and Unilever (PAT N5.2 billion) also joined the profit party. With dollar volatility affecting import costs, many firms have localised production, increased prices, and reduced pack sizes (a practice known as “shrinkflation”). Consumers, in turn, are forced to adjust consumption habits, often choosing between quantity and quality.

    The success of big business however raises uncomfortable questions: Is Nigeria’s private sector truly growing sustainably, or merely extracting value in a way that widens the inequality gap?

    What is emerging is a two-speed economy. On one track, corporates optimise profits through agility, digital transformation, and price adjustments. On the other hand, citizens face daily hardships, shrinking purchasing power, stagnant wages, and rising unemployment. The middle class is thinning, while poverty deepens.

    I think that government inaction and weak regulation often compound the situation. There may also be companies that exploit regulatory loopholes or benefit from policies that insulate their sectors from real competition. While this fuels short-term gains, it does little to build long-term inclusive growth or economic resilience.

    To align corporate success with citizen welfare, Nigeria must prioritise policies that channel profits into inclusive growth. First, the government should expand targeted cash transfers and food subsidies to shield the poorest households from inflation’s bite. Headline inflation stood at 24.23 percent in the period under review. No wonder therefore that the World Bank’s call for accelerated social protection programmes is urgent. Second, investing in labour-intensive sectors like manufacturing and agriculture could create jobs and reduce rural-urban disparities. In addition, addressing insecurity in farming regions would lower food prices, tackling inflation at its root.

    Third, monetary policy must balance inflation control with economic stimulus. The Central Bank’s tight policy, while necessary, has raised borrowing costs, stifling small businesses that employ millions. A gradual easing, as inflation is projected to fall to 22.1 percent in 2025, could spur growth without reigniting price pressures. (NB: A tight monetary policy, implemented by a central bank, aims to curb rapid economic growth and control inflation by slowing down spending and reducing the money supply.)

    Finally, companies must share the burden. Corporate social responsibility initiatives, such as affordable pricing for essential goods or investments in community infrastructure, could ease public discontent and foster goodwill.

    This is the core of the matter. The glowing quarterly results splashed across business pages paint a picture of corporate triumph, but it’s one cast against a backdrop of growing national despair. This contrast cannot be ignored, and it is also not sustainable.

    The corporate sector’s resilience is a testament to adaptability and innovation, but it also underscores a troubling truth: economic growth alone does not lift all boats. Nigeria’s economic narrative cannot be solely about profits and stock valuations; it must include people. If companies are winning while citizens are weeping, then we are all losing in the long run. What’s needed is a recalibration: one where businesses pursue profit with purpose, governments enforce equity, and the well-being of Nigerians becomes the bottom line that truly matters.

    •Eromosele – elviseroms@gmail.com

  • ‘Corporate governance crucial for $1tr target’

    ‘Corporate governance crucial for $1tr target’

    Federal Government’s goal of achieving a $1trillion economy would require the institutionalisation of corporate governance in Nigeria’s public sector to foster transformation within the sector, experts have advised.

    Speaking at the second National Corporate Governance Summit in Lagos, former chairman of the Federal Inland Revenue Service (FIRS), Mrs. Ifueko Okauru, said good corporate governance is essential for economic and business growth.

    Okauru, who is now the Managing Partner at Compliance Professionals Plc, said establishing corporate governance is achievable with dedication, personal sacrifice, and firm commitment.

    She urged Nigeria to adopt good governance practices to align better with international business standards. She also called for a legal framework to support this institutionalisation and structures to drive national transformation.

    The event, with the theme “Institutionalising Good Governance for National Transformation: The Imperative of Public/Private Sector Collaboration,” was organised by the Institute of Directors’ Centre for Corporate Governance (IoDCCD), the Ministry of Finance Incorporated (MOFI), the Financial Reporting Council (FRC), and the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN).

    Also speaking, Chairman of IoDCCG, Urum Eke, stressed the importance of integrating the public sector into national development efforts. He underscored the critical role of corporate governance in achieving high performance across both private and public sectors, advocating for the application of governance principles across all economic sectors.

    Read Also: Tinubu addressing demands, no need for protest – FEC

    Executive Secretary of FRC, Rabiu Olowo, pointed out that good governance is globally recognized as the foundation of economic growth. He commended the success of the Nigerian Code of Corporate Governance 2018 in enhancing private sector governance and called for similar efforts in the public sector to drive national transformation. He emphasized the need for higher accountability standards in the public sector, similar to those in the private sector.

    CEO of MOFI, Armstrong Takang, stressed the necessity of adopting and institutionalizing corporate governance in the public sector. He noted that while the private sector, particularly banking, has seen significant success from good governance, government institutions often lack transparency and accountability. Takang expressed optimism that entrenching good governance principles would lead to noticeable improvements.

    President of ICSAN, Mrs. Funmi Ekundayo, underscored the importance of continuous collaboration between the public and private sectors to embed good governance for national transformation. She stated that good governance would address key challenges such as corruption, insecurity, and economic instability, thereby promoting national development.

    Ekundayo added that institutionalizing good governance would enhance accountability, transparency, and resource management, fostering a stable environment for economic growth and public service effectiveness. ‘Corporate governance crucial for $1tr economy target’

  • Council chief seeks corporate organisations’ help

    The Executive Chairman of Yaba Local Council Development Area (LCDA), Kayode Adejare Omiyale, has urged corporate organisations to partner the council to empower the residents.

    The council chief spoke at the distribution of 183 free eye glasses to pupils of public primary schools in the LCDA.

    He said: “When the idea to screen children for eye defects was brought before me, I hesitated a little bit before I embraced it. In my own personal opinion, I reasoned that pupils in primary schools had nothing to do with eye defects, because they were young and tender! To my amazement, out of about 1,000 pupils who went through the eye screening last year, 183 of them needed eyes glasses urgently to correct their eye defects.

    “This gathering today would not have been possible but for the tremendous supports we received from our partners, such as Catholic Optical, Visionspring, USAAID and Zenith Bank Plc. This is a clear indication that government alone cannot provide the needs of the populace.

    “I want to sincerely express our appreciation to the primary school authority, which graciously allowed us access to the pupils in their various schools.

    “I wish to call on our partners to extend this largesse to the public, especially those in dire need of corrective glasses but do not have the financial capability to purchase a pair; same for our workers in Yaba LCDA.

    “It is apparent that a child with eye defect will not be able to read or write. This is, in fact, the beginning of failure to most pupils.”

  • NSE launches corporate governance index

    NSE launches corporate governance index

    The Nigerian Stock Exchange (NSE) has launched a Corporate Governance Index (CG Index), which will track the performance of prequalified companies, using their market capitalisation, free float and corporate governance rating scores.

    The CG Index will be reviewed on a bi-annual basis at which point other companies that have met the requirements may be added to the Index or companies that have had their ratings suspended or withdrawn may be removed.

    The Index is expected to be an important tool for investors keen on investing in well governed companies as well as corporates eager to distinguish themselves on the ground of governance.

    Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, said the new index will increase transparency in the capital market and provide investors additional data points to make well-informed investment decisions.

    “The launch of the CG Index is an important milestone to strengthening listed companies by tracking their corporate governance practices. This index will increase transparency in our market and provide investors additional data points upon which to make sound decisions.

    “I congratulate the companies that have successfully completed the process and I expect that they will be more positively looked at whilst trying to raise and access capital within or outside of our jurisdiction,” Onyema said.

    He pointed out that sound corporate governance practices will lead to higher economic performance, provide more sources for capital investment and increase the creditability of shareholders.

    “The NSE CG Index is highly correlated with other NSE Indices. By far, the highest correlation coefficient was recorded with NSE 30 Index at 99.6 per cent and closely followed by the NSE All Share Index (ASI) at 99.3 per cent. In essence, all indices moved in tandem in nearly all cases. The observed correlation between the CG Index and ASI reinforces observed trend in some emerging markets, including Brazil, China and Italy. It can, therefore, be inferred that companies that determine the direction of the ASI in these markets are mostly companies with good corporate governance practices,” Onyema said.

     

  • NiBUCAA takes HIV&AIDS advocacy to corporate organisations

    NiBUCAA takes HIV&AIDS advocacy to corporate organisations

    To eliminate HIV&AIDS by 2030 and support healthy living in workplaces, the Nigerian Business Coalition Against AIDS (NiBUCAA) has visited Nestlé Nigeria Plc to seek its cooperation.

    Advocacy, one of the pillars of the coalition, is a strategy for reaching member-companies to enhance the implementation of health-based programmes that will boost workforce productivity in corporate organisations.

    NiBUCAA Executive Secretary  Gbenga Alabi, praised the organisation for its support to the coalition since 2004.

    He congratulated Mrs. Victoria N’dee Uwadoka on her appointment as Nestlé Corporate Communications & Public Affairs Manager.

    Mrs. Uwadoka then urged the coalition to redefine its focus on HIV and AIDS and other complementary health programmes.

    She said: “As a responsible corporate player, Nestlé Nigeria is committed to maintaining a healthy enabling environment for our workforce. We actively promote and support healthy living in line with our purpose, which is enhancing quality of life and contributing to a healthier future.  We are open to explore areas of collaboration with the coalition where relevant to support our objectives.”

    In another development, NiBUCAA also  visited the head office of Dantata & Sawoe Construction Company (Nig.) Limited and lauded the organisation’s support for the coalition, assuring that more value-driven programmes would be made available.

    “Over the years, Dantata & Sawoe has been very supportive to the goals of the coalition. With your support, we have carried out a couple of programmes centred on healthy lifestyles that have improved the effectiveness of employees in the workplace.

    “This year, we’re focusing on the facilitation of insightful programmes that will act as supplement to programmes in the workplace. The 90-90-90 global target set by Joint United Nations Programme on HIV&AIDS to eradicate the epidemic by 2020 will receive increased support. Commitments from member companies will make these programmes achievable,” Alabi said.

    Dantata & Sawoe Executive Director, Nasiru Dantata, affirmed the organisation’s continued partnership with NiBUCAA to bring health benefits to its workforce with sustainable enlightenment programmes and campaigns.

    Dantata said: “NiBUCAA has positively impacted its members with thoughtful, insightful campaigns and programmes to boost the quality of lives of workers in industries and organisations. We’ll continue to work assiduously with NiBUCAA to facilitate programmes that will better the lots of our workforce and improve their wellbeing.”

  • Corporate governance: How far can companies go? 

    Corporate governance is not just about how a company is directed and controlled to maximise performance and ensure accountability to stakeholders. It goes beyond that. Better governance practices and processes have become imperatives for both national and global economies.

    A company that is run very efficiently and responsibly will perform very well and ultimately contribute to strengthening the economy. Public, private and non-profit organisations all need to be governed, apart from day-to-day management of the entities by their executive teams. Corporate governance is the responsibility of the governing body, or board of directors in the case of companies.

    Chief Executive Officer of CoreEXM, Solabomi Okonkwo, said corporate governance is crucial to the growth of both state-owned enterprises (SOEs) and private companies in Nigeria.

    Speaking at the 5th edition of the Brand Journalists Association of Nigeria

    (BJAN) annual brands and marketing conference recently held in Enugu, Okonkwo also said cultural and social factors are vital for greater public accountability. The conference had as its theme, ‘Corporate governance, Public Accountability, and the Challenge of Repositioning Nigeria.’

    In her presentation titled, ‘Aligning Global Best Practices with Nigerian Corporate Governance Standards,’ Okonkwo delved into current realities facing businesses with special attention on applying code of ethics in the workplace. According to okonkwo, for a code of ethics to be global, it must entail some generalist as well as generic attributes, an international code of business ethics must traverse countries, cultures, race and environment.

    ”I have come to appreciate the fact that societies are complex and dynamic in nature. This births the need to conduct proper stakeholder analysis achievable only through effective communication methods, while managing expectations,”she said.

    Okonkwo further explored principles that should be adopted in organisations across Nigeria to drive change in line with global best practices.

    ”Transparency, good order and strong governance are picking up in Nigeria’s public and private sectors. Our leaders, should continually promote the importance these principles so that they become mainstream in Nigeria,” she concluded.

    At the annual brands & marketing conference, industry experts were honored for their outstanding performances and various contributions to the growth of the industry.

    The President of Advertisers Association of Nigeria (ADVAN) and the Group Head, Marketing and Corporate Communications, First Bank of Nigeria Limited, Mrs. Folake Ani-Mumuney and Mrs. Nkiru Olumide-Ojo, Executive Head, Corporate Communications, Stanbic IBTC won the Best Corporate Brand Managers awards for contributing to the growth of their financial institutions through the management of their Integrated Marketing communications campaigns and others.

    For his advisory services and support for the organisers of the Association (BJAN), Olugbodi was honoured with the BJAN Flag bearer awards. Fidelity Bank Plc’s Managing Director, Mr. Nnamdi John Okonkwo, was awarded the CEO of the Year for his thought leadership and the re-branding effort of his company that transformed the regional bank into a national bank and accepted by all and sundry within a short time.

    Also honored was the leading telecommunications services provider, Airtel Nigeria, for its innovation in marketing campaigns and for driving brand leadership. Chief Executive Officer and Managing Director of Airtel Nigeria, Segun Ogunsanya was named ‘Best Indigenous CEO’ while the company’s Vice President, Brands and Marketing, Enitan Denloye, was recognized as the ‘Marketing Director of the Year.’

    The brand writers, in a citation read at the event, said Ogunsanya has played a leading role in pioneering innovation, driving excellence in marketing communications as well as inspiring best practices in service quality. According to award organisers, Denloye has led series of interesting and exciting marketing campaigns that have resonated brilliantly with the target audience and many Nigerians. Citing the Airtel’s Data is Life campaign, BJAN president, Goddie Ofose, said Denloye has raised the standards in campaign strategy and execution.

    He also commended Mr. Ogunsanya for his exemplary leadership and support for the marketing communications industry.

    Nigerian Breweries’ Corporate Affairs Adviser, Kufre Ekanem and Dangote Group’s Anthony Chiejina emerged Best Image Makers (private sector) for having successfully managed the reputation of their company and brands in the face of competition and bad publicity.

    For his drive to ensure that the country generates revenue extensively through tax, the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Babatunde Fowler, was awarded the Most Effective Public Office Manager.

  • IoD’s conference to focus on corporate governance

    IoD’s conference to focus on corporate governance

    This year’s Annual Directors’ Conference of the Institute of Directors (IoD) Nigeria will focus on corporate governance.

    The conference theme is: Implementing Best Corporate Governance Practice in Nigeria’s Public and Private Sectors. It is scheduled for November 30, 2017, at the Transcorp Hilton Hotel, Abuja.

    Chairman, Planning Committee of the Conference, Dr. Fred Odutola, made disclosed this yesterday when he led officials of the Institute on a courtesy visit to the corporate headquarters of Vintage Press Limited, publishers of The Nation newspaper and SportingLife.

    Odutola, who said the team’s visit was aimed at intimating The Nation about the conference, noted that its theme underscored the Institute’s belief that if leaders and organisations had the best corporate governance practices, “The change we are all singing about will become a reality.”

    Odutola added that  IoD was concerned with the training and registering of directors, and organising short term courses for them, as well as ensuring that leaders and organisations adopt and enforce sound corporate governance practice. “If the leadership is right, the followership will be in tune,” he said.

  • ‘Corporate governance catalyst to growth’

    Effective corporate governance framework in organisations spurs  success and growth, Lagos State Commissioner for Establishments, Training and Pensions, Dr. Akintola, Benson, has said.

    Speaking on: Corporate Governance: Responsibility, Sustainability and Accountability – Implication for the Nigerian nation, at the 2017 Induction Ceremony of the Association of Corporate Governance Professionals of Nigeria (ACGPN), he urged the association not to relent in its effort to propagate and champion the cause of effective, efficient and responsive frameworks for responsible corporate governance in all sectors of the economy.

    According to him, in today’s market-oriented economy the need for corporate governance arises and is absolutely crucial. He noted that efficiency as well as globalisation are significant factors aiding corporate governance ethics.