Economic and Financial Review


Central Bank of Nigeria


Corporate governance, Board of Directors, Banks and banking, Nigeria


The paper seek to ascertain the characteristics that determine the effectiveness of the bank boards in carrying out its roles of monitoring and advisory. It suggests that empowering boards through incentive packages and enlarged responsibilities to monitor, sanction, reprimand would be a way forward for the Nigerian banking sector.

Author Bio

Mr. U. Kama is a staff of Research Department, Central Bank of Nigeria, while Mr. C. Chuku is a NYSC member with the Procurement and Support Services Department, Central Bank of Nigeria, Abuja.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Kama, U., & Chuku, C. (2009). Corporate governance of banks in Nigeria: determinants of Board of Directors' effectiveness. CBN Economic and Financial Review, 47(1), 17-43.

Included in

Economics Commons



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.