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Nigeria’s Public Officers And Code Of Conduct

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President Buhari

President Buhari

The emphasis given to
rules and regulations of a country draws attention to the issues of ethics, integrity and leadership. Against this general understanding of ethics as standards or principles of human conduct concerning moral or what is good or bad or what is right or wrong, it is obvious that government business cannot be conducted properly without a code of official behaviour.
These values are critical because policy decisions often have at the bottom line delicately balanced official issues such as whether to consider the general good, the public interest, or the narrower demands of self or clique. This is the underlying  reason morality must be established in our public life and why our actions and behaviour as public functionaries must conform to the highest standards of public morality and accountability. This explains why every public officer in government business, elected or appointed, is subjected to the code of conduct bureau.
The need for code of conduct for public officers in a democracy such as Nigeria cannot be questioned. This is viewed against the backdrop of large-scale fraud and corruption which has become prevalent in the civil and public service. The inimical effects of the twin evil on the economic and social development of the country cannot be glossed over. Nigerians have suffered physical deprivation and poverty directly as a result of corruption. As for our external corporate image, it is scarred beyond recognition, with Nigeria being rated as a highly corrupt country.
In a bid to fulfil a critical plank of their campaign pledge, President Muhammadu Buhari and his deputy, Yemi Osinbajo recently made declarations of their assets. Though they had said it would be made public after verification.
Though this is in line with the 1999 constitution, their initial pronouncement to do it publicly has elicited controversy. Recently, the Rivers State Chairman of the All Progressives Congress (APC), Davies Ikanya, called on Governor Ezenwo Nyesom Wike, to declare his assets and publicly too. It should be known that the basic mandate of the CCB ‘to establish and maintain a high standard of public morality in the conduct of government business and to ensure that the actions and behaviour of public officers conform to the highest standards of public morality and accountability’ did not stipulate that assets declarations must be done publicly. It stated that a public officer must fill or complete the assets declaration form, attach one recent passport- size photograph at the right hand corner of page, have it sworn-to before a High Court Judge (not Magistrate) and return to the code of conduct bureau on a date not exceeding 30 days of the receipt of the form.
The case of public declaration of assets can only be genuinely made if or when the constitution is amended to spell  it out. It  might be argued that the late President Umaru Yar’Adua made his publicly when he assumed office in 2007, it was his personal discretion to set a new pace for other leaders to follow if they don’t have anything to hide. The immediate past President Goodluck Jonathan kicked-off his administration in 2011 by declining to publicly declare his assets and the heavens did not fall, a though  there was righteous angst or anxiety and worry over that action by Nigerians.
It would be recalled that Kayode Fayemi of Ekiti State between 2010 and 2014 publicly declared his assets of N750 million in November 2010 while his late deputy, Funmi Olayinka filed a N1.2 billion declaration.
The culture of graft, waste and impunity is particularly high among state governors, ministers, commissioners and even local government chairmen and their aides. The attitude of these categories of public officers towards assets disclosure is actually disappointing. The global best practices and norm among Nigerian political elite should be that top public officers declare their assets publicly if the war against corruption promised by the Buhari administration must be won. President Buhari and his deputy, Osinbajo should have led the way. As a matter of fact, the Nigerian public deserve the rght to demand from our ministers and governors as well as others to publicly declare their assets in order to bring sanity into governance because the sincerity and honesty of most Nigerians are in doubt.
For Nigeria to make progress in governance, public office should be made synonymous with high morality. For now, transparency and accountability are only observed in the breach by government officials, which should not continue that way. Political office holders are expected to familiarize themselves with  the rules and regulations regarding their behaviour while in office and abide by them. The Bureau may on its part expect the public to show wholesome commitment in the campaign against corruption by reporting such cases promptly but the public is uncertain about the seriousness of the Bureau in dealing with complaints or petitions. This accounts for the public’s hesitation in reporting cases of abuse of office to the bureau. The public is also fearful of revenge in the cause of reporting corrupt persons and mounting pressure on government and its agencies to sanction anyone found wanting.
The code of conduct should be seen as applicable to all public officers in Nigeria and  as the main spring for changing behavioural pattern of society as a whole for the better. The bureau should be strengthened to face the challenges before it in the crusade for integrity, competence, transparency, fair mindedness, discipline, honesty and accountability in public service.
The main reason for the culture of corruption today is the greed for wealth, no matter how acquired and the seeming connivance of silence by victims of corruption. People have, over the years, been so intimidated that they hardly speak out against corruption. Indiscipline has assured a high dimension and a greater percentage of Nigerians refusing to obey simple rules, regulations and codes of ethical behaviour. The code is an ethical standard, which requires moral strength and instills pride in the virtues of integrity, professionalism, efficiency, justice and fair play. It is an important tool in government business, just as public office is a trust, so the authority we exercise as public officers is delegated by the people and we must give an account of our stewardship.
We must put service above self by adopting an ethical process in official decision-making. If we see the job we do as a profession, career, customer service, political appointment, then we should approach it with the right attitude and righteousness, and an acceptable level of  expertise by working by the rules. Service is the bottomline for every public officer, so they must see themselves as servants of the people and make satisfaction their watchword. To meet the goal of satisfying the people, public office holders, especially governors, ministers, commissioners, local government chairmen, and so on, should observe the dos and don’ts which form a code for our conduct or behaviour. Corruption or improper conduct manifest  in various ways which are supposed to be addressed by the different provisions of the code.
The code of conduct is aimed to reduce incidents of corruption,  fraud and other malpractices, to reduce conflict of interest to enhance public trust and the credibility of government as well as enhance the loyalty of workers and the goodwill of the organization or agency, country, state and local government. The code prohibits public officers from operating foreign accounts, accepting gifts, loans or inducements from an outsider, that is, a supplier, contractor etc, to  influence him or her in the performance of official duties.
Also, a public officer shall not receive or be paid the emolument of any other office or engage or participate in the management or running of any private business or trade except when he or she is not employed on full-time basis. Nothing stops a public officer from engaging in farming or participating in the management or running of any farm. These and other rules bind public officers in the performance of their functions. The rule of law applies to all public officers who are involved in the administration and provision of services in the public interest. It must be mentioned here that the code abhors membership of secret society and lack of transparency by public officers.
The code provides that every public officer shall declare all his properties, assets and liabilities, including those of his spouse or unmarried children under the age of 18 years at the time of assuming office, at the end of every four years and at the end of his term of office. It stipulates that any statement in such declaration that is found to be false by any authority or person authorized in that behalf to verify shall be deemed to be a breach of the code.
Sometimes people ask whether declaration  of assets by public officers can be made to achieve its objectives or whether defaulters are ever given the requisite sanctions? This is because corrupt enrichment and ostentatious living have continually thrived among public officers in government business.
Such lifestyles are easily identified through the type and number of cars, houses owned and lived in the nature of holidays and educational facilities provided for their children, frequent overseas trips, jewelries, landed property, shares, machineries, amongst others. Asking public officers to declare their assets publicly is a good point but what is more important is the verification of the claims to ensure they are true.
The enforcement of the provisions of the Code of conduct Bureau and Tribunal Law is another significant aspect of the issue. The workability of the code revolves around its enforcement and making sure that the diehards in the game of corruption and fraud are adequately punished. Section 18 of the 5th schedule under the code of conduct Tribunal states that, where the  Code of Conduct Tribunal finds a public officer guilty of contravention of any of the provisions of this code, it shall impose upon that officer any of the  punishments specified such as removal from office.
This could be done through the vacation of the officer’s seat in any legislative house, disqualification from holding of any public office for a period not exceeding ten years and seizure and forfeiture to the state of any property acquired in abuse of office. Furthermore, though the law give right of appeal, the relevant section of the constitution states that the prerogative  of mercy shall not apply to any punishment imposed by the code of conduct Tribunal.
The Code of conduct for public officers is a condition precedent for any elected public office holder as contained in the oath of office, and as such a breach of the Code renders such an officer unworthy of continuing in public office. There is the need for effective and routine supervision to ensure that all rules and procedures are followed after the completion of the declaration of assets process with the required commitment of the top management who must not compromise.

 

Shedie Okpara

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NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

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NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
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Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

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Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
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Wema Bank Admits 10 Startups into Hackaholics 2026

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Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
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