Imo State Deputy Governor, Prince Eze Madumere said non adherence to Nigeria Code of Corporate Governance, would weaken financial transparency in public companies.
Madumere spoke in Owerri at the Southeast zonal public hearing of Financial Reporting Council, FRC, of Nigeria, on corporate governance.
This is as the Executive Secretary/ Chief Executive officer of FRC, Daniel Asapokhai said that the 2018 Nigeria Code of Corporate Governance would apply to all public companies in the country, with the aim to achieve transparency and accountability.
The deputy governor said: “Corporate governance in many of Nigeria’s public companies and public institutions still remains relatively weak, thus rendering these organizations uncompetitive and therefore a handicap to the national economy in which they all operate.”
