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Corporate Governance Group Urges Stronger Standards Across Nigerian Sectors

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Society for Corporate Governance Nigeria (SCGN) has called on regulators, businesses and other stakeholders to improve governance standards across the country’s key sectors.....KINDLY READ THE FULL STORY HERE▶

The group said strong corporate governance is critical for economic growth, investor confidence and long-term sustainability.

In a statement on Thursday, SCGN emphasized that many sectors in Nigeria still face challenges with transparency, accountability and ethical practices. The group said regulators and institutions must take active steps to enforce rules and create an environment where good governance becomes the norm.

“Strong governance builds trust in the system. Without it, investment and progress are threatened,” the group said.

Call for Collaboration

SCGN urged regulators, private institutions and ecosystem players to work together to design practical solutions. The group said such cooperation is necessary to prevent corporate failures, financial crimes and unethical practices that often damage public confidence.

The society explained that better governance should not only be seen as compliance but as a tool for stronger performance and resilience.

“Governance is about creating systems that protect stakeholders, guide decision-making and ensure fair practices. It is not just about ticking boxes,” SCGN noted.

Importance for Economy

Experts say Nigeria’s economy has been weighed down by weak institutions, poor corporate ethics and corruption scandals that have shaken both local and international investors. Stronger corporate governance, they argue, would help rebuild trust and attract fresh investments needed to grow businesses and create jobs.

According to SCGN, countries with robust governance frameworks tend to perform better in the global economy. Investors, lenders and partners are more willing to engage when they know rules are respected and enforced.

“Nigeria cannot afford to be left behind. Raising governance standards is no longer optional, it is a necessity,” the society said.

Ongoing Challenges

Despite reforms in banking, energy, and other industries, Nigeria still struggles with issues of weak oversight, insider dealings and lack of transparency. Corporate failures in recent years have shown how poor governance can harm entire industries and put thousands of jobs at risk.

Analysts say regulators often face capacity problems and sometimes lack the independence or resources to act effectively. Businesses, on the other hand, may focus more on short-term profit than long-term stability.

SCGN believes stronger partnerships between regulators, boards, and civil society can help address these challenges.

Building a Culture of Governance

The group also called for training and awareness programs to build a culture where ethical practices and accountability are valued. It said education at all levels — from boardrooms to business schools — is vital to make governance a natural part of Nigeria’s economic life.

“Corporate governance is not only about laws and regulations. It is about values, culture, and the will to do what is right even when no one is watching,” SCGN stated.

Wider Impact

Good governance has impact beyond companies, the group noted. It helps protect consumers, secures jobs, strengthens markets and contributes to national development. SCGN said when companies follow ethical practices, society as a whole benefits.

Industry leaders have echoed this view, saying governance reforms are necessary for Nigeria to compete globally. They argue that stronger governance standards will not only attract investors but also reduce corruption and improve efficiency across the economy.

SCGN said it will continue to engage with regulators, businesses and policymakers to push for reforms. The group plans to host more forums, training sessions and policy discussions aimed at embedding governance principles in Nigeria’s economic system.

“We will keep driving this conversation until corporate governance becomes a way of life in every sector,” the society pledged.

As Nigeria works to recover from economic slowdowns, high inflation and global uncertainties, experts agree that governance could be the missing link in achieving stability and growth.

For many, the call from the Society for Corporate Governance is not just advice but a warning: without stronger governance, Nigeria’s long-term economic ambitions could remain out of reach.

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‘Kwankwaso Is More Experienced Than Peter Obi’ – Buhari’s Ex-Aide Declares.

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Ahmad made the assertion in a post on his X handle, maintaining that Kwankwaso’s decision to accept the position of running mate should be seen as an act of political modesty rather than an indication that he is less qualified than Obi.....KINDLY READ THE FULL STORY HERE▶

According to the former presidential aide, the relationship between the two politicians should be viewed as one of equals rather than that of a superior and a subordinate.

“To be entirely candid, the political dynamic between Rabiu Kwankwaso and Peter Obi ought to be characterised as one of collegiality between peers, rather than a hierarchy of principal and subordinate,” he wrote.

He added, “The choice to assume a deputy role beneath Obi ought to be interpreted as a testament to political modesty.”

Making a case for Kwankwaso’s political experience, Ahmad recalled that the former Kano State governor served as Deputy Speaker of the House of Representatives before Obi became a prominent figure in national politics.

He also noted that Kwankwaso governed Kano State, which he described as Nigeria’s most populous and politically influential state, for two terms and served as a federal minister.

“If we are assessing political experience, Sen. Kwankwaso probably has a longer and more impressive political background than Peter Obi,” Ahmad stated.

In contrast, the former presidential aide argued that Obi’s major public office experience was limited to his tenure as governor of Anambra State.

“Unlike other candidates, Peter Obi was just a former governor of Anambra State,” he wrote.

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‘I Have Stopped Impregnating Women’ – 2Baba Makes Shocking Revelation.

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Nigerian music star Innocent Idibia, popularly known as 2Baba, has declared that he no longer impregnates women.....KINDLY READ THE FULL STORY HERE▶

The singer made the statement on Saturday during a live performance at Rehab Lounge in Calgary, Canada.

While performing his hit song True Love, 2Baba paused to interact with the audience and playfully asked the women present to identify where his true love was.

He jokingly wondered whether she was standing at the back of the venue or somewhere in front of him before making a remark about his experiences with women.

The award-winning musician told the audience that he had stopped getting women pregnant, adding that he had been making the same confession wherever he performed recently.

He said, “For the purpose of this show, I will pretend like I’ve never seen anything before. Where’s my true love? Is she back there? Is she right here? Is she somewhere here? Where’s my true love? You people shouldn’t put out me for trouble.

“As I said, some ladies they fear to shout. See, everywhere I go these days, I make this confession. As I say, some ladies they fear to shout. I say, I don’t fear to shout. Because I don’t stop to dey give woman belle. Ask anyone, they’ll tell you, I don’t do such thing things again.”

The singer’s comment comes amid public interest in his personal life and relationships.

2Baba was previously married to Nollywood actress Annie Macaulay-Idibia. The couple announced their separation in January 2025 after having two children together.

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NPFL Cracks Down! Abia Warriors, Katsina United, Warri Wolves Hit With Sanctions.

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Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.....KINDLY READ THE FULL STORY HERE▶

Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.

The Umuahia-based club was also found guilty of an attempt by one of its officials to disrupt the live broadcast of the match by harassing a crew member of the league’s broadcast partner.

As part of the disciplinary measures, Abia Warriors’ multimedia officer, Chidera Favour Igwe, has been suspended from all NPFL match activities for five matches.

Katsina United, meanwhile, were fined ₦2 million for failing to provide adequate and effective security during their home fixture against Plateau United.

The club was also sanctioned for allowing supporters to encroach onto the field of play during the encounter.

Warri Wolves Receive Heaviest Punishment

Warri Wolves have been handed the most severe sanctions following the unruly behaviour of their supporters during Sunday’s Matchday 10 clash against Kano Pillars in Ozoro.

The Seasiders were fined ₦4.2 million and docked three points and three goals from their accumulated tally. The club was also ordered to play its next three home matches behind closed doors.

According to the NPFL, Warri Wolves failed to provide adequate security at the stadium, resulting in an assault on match officials after the final whistle.

The league further disclosed that the second assistant referee sustained a nose injury and was left bleeding during the incident.

The NPFL stated that all three clubs have 48 hours from the date of notification to appeal their respective sanctions in accordance with the league’s disciplinary procedures.

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