Journal of Finance and Bank Management

Historical Analysis as a Diagnostic Tool of Corporate Governance Ailment in the Nigerian Banking Sector
Chief, Dr. Peter Odion Omoijiade

Abstract
Although the attainment of the raison d'être of the Nigerian banking industry rests on history, the operators and regulators in the sector are yet to acknowledge the role of history in their corporate existence. A cursory look at the history of the Nigerian banking sector indicates that inadequate corporate governance is a dominant factor responsible for the failures in the sector. As a result of the prevailing low historical intelligence, measures are yet to be instituted towards mitigating the inadequate corporate governance which contributed to past failures. The learning of the lessons of success through study of failures is now imperative. Historical analysis as a diagnostic tool of the causes of corporate governance ailment must be acknowledged. This research is based on existing theoretical and practical knowledge on Banking. Data analysis was done through critical analysis of literature and dialectical reflections on same .Observations were also utilized. Observation is linked to validity as it is the most direct way of obtaining data. This research is expected to impact positively on the present low level of historical intelligence with a view to enhancing the diagnostic capacity of corporate governance ailment and hence performance of the Nigerian banking sector.

Full Text: PDF     DOI: 10.15640/jfbm.v4n1a8