Opinion
For Effecctive Corporate Governance
The society for Corporate Governance Nigeria recently organized a round table discussion on effective corporate governance in the country. This is in furtherance to the company’s belief that good corporate governance practices provide important framework for timely responses by company’s board of Directors to situations that may directly affect stakeholders’ value. It is also correct to note that the crisis that had overtaken the banking system had a lot to do with lack of effective corporate governance. In fact a study reported to have been undertaken by the Securities and Exchange Commission (SEe) confmned that code of corporate governance can only be found in about 40 per cent of the companies quoted on the Stock Exchange. Dr Christopher Kolade, ProChancellor of Pan African University, harped during the round table discussions on the need for the understanding of who really is an independent director; what really are the implications of having independent director on the board where the independent director is one who sits on the board based on proven expertise in a particular area which the board needs and who does not have any other relationship with the organization including even business relationship? The question of how much information should a company disclose as it is well known that if companies are not circumspect in this regard they could make disclosures that could be at the cost of their competitive advantage including the issue of the appropriate level and mix of remuneration came up for discussions during the round table discussions. The question of Corporate Social Responsibility ( CSR ) which was lately in the news as legislators attempted to enact a law that should guide companies in discharging this responsibility and more recent challenges regarding tightened disclosure rules and escalating criticism of management compensation, concerns about shareholders’ value were all x-rayed at the round table discussions.
The issue of effective corporate governance has been the focus of attention for some time now. In fact following the Consolidation Program the Central Bank underscored its concern regarding the on- going viability of banks in the country by the issuance of a code of Corporate Governance to guide all operators. Atedo Peterside also chaired a SEC group on the articulation of a code of corporate governance. It also remains a fact that the lack of effective corporate governance practices has been cited in the indictment of the board of the banks that recently came under the hammer of the Central Bank.
The problem with corporate governance in the country stems ab. initio from the fact that most company promoters do not conceptualize the company as a legal and autonomous entity that has an independent existence which could be sued and can sue on its own. Most promoters have seen companies as at best an extension of themselves. This is why most promoters would prefer a board that is docile and compliant that would glory in the fact of membership, simply go along, not ruffle any feathers, from which members of the board receive the perks of office and attend irregularly held board meetings. This mindset gave rise to the incidences of over concentration of powers on one individual who is designated as Chairman! CEO or Executive Vice Chairman; a practice which the CBN code of corporate governance has now pointedly prohibited.
Under this model the membership of the board is determined based on one form of primordial relationship or another and had very little or nothing to do with proven expertise and therefore anticipated contribution at board meetings. And this attitude lays the foundation for the lack of effectiveness of the board and we would dare to suggest that may be if it is not going to amount to overload that the Central Bank in addition to the approval it has to give for executive members of the 1?oard should also extend its approval to the non-executive members to correct this shortcoming. If the composition of the membership of board /s not taken seriously then all preachment in this regard will be in vain!
It is to change this attitude that has encouraged the emphasis on the percentage of shareholding which an individual member of the board could hold. At the moment for banks holding in excess of ten percent can only be allowed based on the express approval of the Central Bank and members of the same family are not encouraged to share the same board membership. But this restriction would seem not have amounted to much as promoters to circumvent this guideline proceed to recruit directors on proxy basis. The industrialised world does not concern itself with such issues but for them what is important is the separation of ownership from professional management. So attempting to foreclose the existence of one man banks might not be addressing the real problem. The number of member on a board should ideally not exceed 20 with the non executive members well exceeding the executive members.
It is also necessary that the board is made to be alive to its responsibilities particularly with regard to the preparation of strategic plan for the organization for which it must monitor implementation by insistence on receiving regular briefing on progress by management.
The board must also be sensitized regarding its responsibility with the formulation of policies to ensure that it does not engage in turf battles in areas which are purely operational and therefore under the exclusive purview of management. It is recommended that scheduled board meetings are held quarterly with materials for discussions at the board meeting sent out to board members at least a fortnight before the date of the meeting. In this era when board membership carries vicarious responsibility board members are better advised to ensure that the company carries out its functions in a legal and ethical manner. The board must not attempt to complicate life for the regulator by not adhering strictly to guidelines and by not responding positively to the request for submission of accurate and timely reports as might be demanded by the regulator.
The board has the responsibility to ensure that top level succession plan is in place. One of the acid tests for a truly independent board is whether it has the ability and enjoys the freedom to closely monitor the activities of the Managing Director, determine the scale of remuneration he enjoys and able to fire him should the need arise. On remuneration the board must· pay adequate and compensating fees; sitting allowances and other periodic fees to the directors for the expertise and direction it is able to make available to the organization. Remember if you pay peanuts; you get monkeys! Of necessity the company must do some regular work through some board committees. In banking these committees are usually the Credit Committee, the Audit Committee and the general purpose Committee. The Chairman of the board should not sit on any of the committees which ideally should be populated with the non executive members of the board. The Audit Committee must be composed with individuals of high integrity, independence and proven competence. The board must imbibe the culture of attendance to regular training and education to keep members abreast of cutting edge developments and the board must regularly subject itself to self appraisal employing the services of independent consultants.
Chizea wrote from Lagos.
Boniface Chizea
Opinion
Fighting Insecurity: Shagari’s Model
What we see across the country today can only be surmounted through a decisive Presidential agenda devoid of politics and sentiments. Alhaji Shehu Shagari, faced with similar security threats, wasted no time in restoring order.
Shagari was still in his first year in office when Islamic fundamentalists, led by Muhammadu Marwa, better known as Maitatsine, visited terror on Kano. Domiciled in the Yan Awaki area, the man who originally hailed from Cameroon, began to create an empire of terrorists.
Kano was under the control of the Peoples Redemption Party (PRP) while the National Party of Nigeria ( NPN) controlled the Federal Government. Shagari, a Muslim, did not want to be politically correct because Kano was involved. He placed national security above everything else.
Realising that the terrorists had overwhelmed the police, killing about 100 of them including a Commissioner who was moved from Aba, the president applied military force. It took just two days for soldiers to crush Maitatsine and his followers. At the end, 5,000 civilians died and the Army lost 35 souls.
That was in 1980. Shagari set up a Judicial Commission headed by Justice Anthony Aniagolu. Hundreds of the trouble makers were sent to jail. And it turned out that among them were fighters from Chad, Niger Republic, Cameroon, Burkina Faso and Mali.
On May 16, 1981, there was a skirmish at the Nigeria – Cameroon frontier. Second Lieutenant Seyiveh Sewhenu Amosu of the Nigerian Army, leading a patrol on the Akpa Yafe River, was killed in an ambush by Cameroonian forces. Four other soldiers, Felix Bemigho, Emmanuel Kasar, Joseph Imaja and Emmanuel Akpan also died.
Shagari wasted no time in showing Cameroon the power of Nigerian forces. His Service Chiefs had tasted battle during the Civil War. Chief of Defence Staff, Gibson Jalo, was a General Officer Commanding (GOC). Army Chief, Mohammed Wushishi, was part of the First Division, Chief of Naval Staff, Akin Aduwo, commanded a warship, his Air Force counterpart, Dominic Bello, was one of the few Federals that flew jet bombers.
The world watched as Nigerian forces moved to the border for war on Cameroon, whose troops had never seen battle anywhere. Having frightened the aggressor, Shagari diplomatically halted the planned assault.
In October 1982, some of Maitatsine’s loyalists, regrouped in Bulunkutu, Maiduguri. Among them were many released from jail, like what we see with Boko Haram fighters today. They burnt mosques, churches and humans, using body parts as charm. Again, Shagari acted decisively to decimate the terrorists.
On April 18, 1983, one Idris Debby, led Chadian troops to seize 21 Nigerian fishing villages. Shagari showed his stuff, once again. As Commander – in – Chief of the Armed Forces, he chose seasoned fighters, after consulting with his Defence Team.
Muhammadu Buhari, GOC of the 3rd Amoured Division was given the task of clearing the intruders. As the first governor of Borno State, the general knew the terrain so well. His mother was Kanuri, whose people knew much about Debby and the Zaghawa.
To support Buhari, Chris Ugokwe, a seasoned warrior and Commander of the 21 Armoured Brigade, led the battle. Ugokwe commanded Biafra’s 52 Brigade during the Civil War and was the officer who led 13 Armoured vehicles, under Ibrahim Babangida in 1976, to flush Bukar Dimka out of Radio Nigeria.
Ugokwe and Buhari were friends and Nigeria Military Training College (NMTC) course 5 mates. Babangida was their junior by one Course. It was because of Biafra that Ugokwe lost seniority but he was trusted by PMB and IBB. Ugokwe and Babangida were together in Kaduna during the January 15, 1966 coup.
Ugokwe drove Debby out of Nigeria and led troops into Chad. To show the strength of his Brigade, he planned to capture Ndjamena and was going to accomplish that task when Shagari, again, turned to diplomacy. The president called on Buhari to stop his troops.
That war with Chad gave the Armed Forces so much respect. The Air Force had men like Ben Ekele and Adamu Sakaba. Ekele was so good in all his training abroad that he was nicknamed ‘Air Hooligan’. His friend, Isaac Alfa, was known as ‘Air Warrior’.
Ekele played with the MiG fighter jets, like a toy. Some admirers gave him another name, ‘Ben The MiG’. Unfortunately, the officer was executed with Sakaba, in March 1986. Both were found guilty of treason by the Charles Ndiomu Military Tribunal, for their alleged roles in the Mamman Batss plot of 1985.
Shagari pushed our best into battle. Second Lieutenant Amosu, who was killed by Cameroonians, belonged to the Nigerian Defence Academy Regular Course (RC) 22. That RC later produced a Chief of Naval Staff, Dele Ezeoba, a governor, Inua Bawa, a Senator, Austin Akobundu and other prominent officers like Brigade of Guards Commander, J. O. Shoboiki, Task Force Commander, Sarkin Bello and Paul Izukanne. Another Amosu, Nunayon, became Chief of Air Staff.
President Bola Tinubu should follow Shagari’s footsteps. Nigeria is in trouble and there must be no consideration of tribe, tongue or party. Our Armed Forces can do better. We have many saboteurs in and out of power. What is paramount now is a new strategy.
The bloodletting is unprecedented. Citizens are slaughtered like chicken, daily all over the country. We call them bandits, in the North – West, killer herdsmen in the North – Central, terrorists in the North – East and Fulani herdsmen, in the entire South.
There is only one President and Commander – in – Chief. Tinubu is a strong man, cowardice is not part of his profile. He was part of the NADECO battalion that waged war on Sani Abacha. This is another war. Tinubu can and must fight like a Field Marshal.
Emeka Obasi
Obasi is an online journalist and analyst.
Opinion
Flood Disaster In Nigeria: Predictable Tragedy
Each year, Nigeria is struck by a disaster that has become so routine it barely shocks the national conscience anymore: devastating floods that displace thousands, destroy livelihoods, and cost the country billions in damages. From Lagos to Lokoja, Borno to Bayelsa, the story is the same—swollen rivers, submerged homes, lost farmland.
Children drop out of school as their homes or schools are flooded. Health crises follow, as stagnant water breeds Cholera and other waterborne diseases. Women and children bear disproportionate burdens, from increased caregiving duties to heightened vulnerability in overcrowded displacement camps.
Just last week, the country woke up to another flood disaster. Mokwa, a commercial hub in Niger State was swept away. About 200 lives were lost, 3,000 people were displaced, bridges washed away, families left heart broken.
The painful thing is that the meteorological agencies, the Nigeria Hydrological Services Agency (NIHSA) and Nigerian Meteorological Agency (NiMet) usually issue annual warnings about impending floods but little or nothing will be done by both the authorities and the citizens to avert the disaster until it happens and everybody starts running helter skelter. At a press conference in Abuja on Tuesday, June 3, the Minister of Water Resources and Sanitation, Joseph Utsev, clearly stated that flood warnings were given but they were not adhered to.
Speaking against the speculations that Mokwa flood was caused by the release of water from Kainji and Jebba Dams, he said, “Nigerians would recall that the Federal Ministry of Water Resources and Sanitation through the Nigeria Hydrological Services Agency in the 2025 Annual Flood Outlook on the 10th of April, 2025 predicted flooding in 19 LGAs of Niger State including Mokwa LGA.”
He also referred to the report of 2025 AFO, which indicated that 1,249 communities in 176 Local Government Areas in 33 States and the FCT fall within the High Flood Risk Areas, while 2,187 communities in 293 LGAs in 31 States, including the Federal Capital Territory, fall within the Moderate Flood Risk Areas.
Indeed, the floods in Nigeria are no longer unpredictable phenomena. Reports have it that in 2022, for example, over 600 lives were lost, 1.4 million people displaced, and over 200,000 homes damaged.
Crop-lands were washed away, leading to spikes in food prices and food insecurity. Infrastructure—already fragile—was further crippled. Subsequent years had similar reports. And yet, each year, State governments and citizens alike act surprised when the waters rise.
The causes of these floods are not mysterious. Climate change plays a role, with increasingly intense rainfall and rising sea levels. However, much of the devastation has been traced to human failings: poorly planned urban development, inadequate drainage systems, deforestation, and the mismanagement of river basins and dams.
For instance, the release of water from Cameroon’s Lagdo Dam annually inundates many States across the country, especially when the Dasin Hausa Dam, meant to contain the excess flow, remains incomplete decades after it was conceptualised. Similarly, urban expansion in many cities of the country often encroaches on natural floodplains and wetlands, replacing them with concrete that prevents water absorption and channels run-off into homes and roads.
Experts have claimed that at the heart of the flood disaster in the nation lies a deeper governance problem. Environmental policy is fragmented, implementation is weak, and coordination between federal, state, and local governments is almost non-existent. Flood response is often reactive—focused on rescue and relief—rather than preventive. Agencies like the National Emergency Management Agency (NEMA) and State Emergency Management Agencies (SEMAs) are underfunded and overwhelmed. There is no better truth.
How many government agencies whose job is to prevent floods and other disasters do their jobs? Just like past floods in Nigeria, Mokwa flood has been largely attributed to unregulated buildings and construction activities, poor drainage infrastructure and the likes. And the question is, whose responsibility was it to ensure that these illegal buildings were not erected in the first place? Whose duty is it to ensure that refuse is disposed of properly and that defaulters are punished?
Of course, citizens are not to be exonerated from the blame. Many Nigerians find it difficult to obey rules. Many care less about the environment and they will be the first to cry woes when a disaster occurs. But the point remains that if the regulatory authorities do not wake up to their duties of ensuring that people comply with building codes and urban development guidelines, if they would rather collect money from developers and look the other way when water channels are covered with buildings, then, the floods so far seen might just be a child’s play.
It is high time the governments at all tiers and across all levels stopped seeing floods as seasonal inconveniences rather than existential threats. These authorities are quick to make promises in the aftermath of a flood, but once the waters recede, so does the urgency. Reports are written, funds are pledged, but structural action is rare. The cycle continues: warnings, inaction, disaster, aid appeals, and then silence—until the next year. How can this help the situation?
There is an urgent need for the completion of the Dasin Hausa Dam project in Adamawa State. Experts say that this dam, if functional, would serve as a buffer for the Lagdo Dam releases from Cameroon. The same goes with the need for rehabilitation and expansion of the country’s drainage systems, especially in urban centres. Most existing systems are outdated, clogged, or simply inadequate for today’s volume of rainfall.
Building codes and urban development guidelines must be enforced without compromise. State governments must stop the unchecked development on floodplains and demolish illegal structures that obstruct natural drainage. New developments must include adequate drainage systems, and environmental impact assessments must be mandatory and rigorously enforced.
Government should carry out resettlement programmes for people living in high-risk zones. It is not enough to announce that people living along river banks and flood prone areas should move to higher lands. Are provisions made for them to move and to settle on higher lands?
Also, early warning systems must go beyond press releases and scientific bulletins. They must translate into community-level awareness and preparedness. NEMA and SEMAs should partner with local governments, traditional institutions, and civil society to educate the public on flood risks and evacuation plans.
Community-based disaster response teams can be trained and equipped to act swiftly when floods occur. More importantly, simulations and drills should be conducted periodically, not just after disasters strike.
It is also important that the government, both state and federal, collaborate with the private sector to introduce subsidised flood insurance scheme, especially for farmers and small business owners who bear the brunt of flood damages.
Climate change is no longer an abstract threat; it is a daily reality. Federal and state governments must integrate climate resilience into all development policies. Ministries of Environment, Works, Water Resources, and Agriculture must collaborate to build climate-smart infrastructure.
This also includes reforestation projects, sustainable agriculture practices, and policies to reduce carbon emissions. Nigeria’s national climate adaptation plan must be updated and fully implemented, with budgetary allocations that reflect the seriousness of the problem.
Transparency in the use of emergency funds and infrastructure budgets is essential. Anti-corruption agencies should investigate diversion of funds meant for disaster preparedness and flood mitigation.
Nigeria’s flood disaster is now a national emergency that requires urgent, collective, and sustained action. We can no longer afford the complacency that treats annual floods as inevitable. The science is clear, the patterns are consistent, and the solutions are known. What is missing is the will to act.
A flood-resilient Nigeria is possible. It begins with planning, continues with investment, and is sustained by accountability. We must break the cycle of annual disaster and move toward a future where the rainy season is a blessing, not a curse.
President Bola Tinubu must be commended for approving the release of ?2 billion, 20 trucks of rice for victims. That will go a long way in helping them if they are not diverted by those in the chain of their release and distribution.
Calista Ezeaku
Opinion
AI And Transformation of Nigeria’s Education
The increasing advent of technology is slowly, but evidently taking over major sectors in the world today, but not so much in Nigeria. Education is the backbone of any country, especially if it is one that hopes for the better future of its youths and the growth of the country at large.
Despite the known fact that education is key to national development, Nigeria’s education sector seems to be buckling under pressure ranging from a limited access to quality learning resources, poor school infrastructure, and overcrowded classrooms, among others.
It does not end there as many educators lack the digital literacy to properly use these tools. Proper strategies, digital literacy training and a focus on providing proper infrastructure in schools are the barriers that need to be tackled to surmount this challenge. Addressing these issues first would pave way for Artificial Intelligence (AI) integration in schools.
Though, AI is more than technical jargon, it just might be what Nigeria needs to level the playing field, especially since it looks like we are being left behind with all the innovation technology has brought along. With its personalised features, teachers can tailor lesson plans based on each student’s weaknesses which would positively affect learning outcomes. Imagine a school in Kano, where students learn English through AI-powered applications and resources. It would give better opportunities for the teacher to have more time to give them more personal attention.
However, to fully realise these benefits, there are certain underlying issues that AI can easily tackle, especially those in rural areas, where there is lack of electricity, proper ICT tools, and internet connectivity.
A United States based publication, EdTech, noted that there is an increasing strain in the ability of teachers to carry out their occupational demands with planning lessons, meeting parents and guardians, and other administrative responsibilities.
However, according to Carnegie Learning, teachers who have embraced AI have seen notable changes in students’ outcome and their work flow. In their research, 42 per cent found out that using AI reduced time spent on administrative duties, 25 per cent noted that AI was particularly useful in assisting with personalised learning, and 18 percent of them reported an increase in students’ engagement. Only one percent could report no change at all with the use of AI in the classroom.
Notably, the United Nations Educational, Scientific and Cultural Organisation (UNESCO), highlighted the potential of AI to address challenges in education, and its ability to innovate teaching and learning, as long as it is deployed safely and ethically. This connotes that every good innovation has a negative downside, and Artificial intelligence is not without.
According to UNESCO, well thought out strategies to maximise the use of AI in classrooms is what our education sector needs. I believe that as a nation we need to set policies that are channelled towards AI integration into the education system, and more importantly, all hands should be on deck to facilitate its process.
Teachers as well as students have a role to play in ensuring that it is not misused and rendered a vice. If we do not integrate AI soon enough, the learning gap between Nigeria and other nations will continue to widen, as it is already the case for most sectors of the country. This gap would not only widen, but it would go on to affect our youths who will be left behind in the global workforce.
Though, schools are known to be institutions of socialisation, where teachers play a major role in shaping the minds and outlook of the students in the classroom, I do not see AI as a replacement for teachers and evidently cannot take the job of educators. Additionally, the World Economic Forum noted that while AI can enhance the learning processes, it cannot replicate the human element that is needed by every student – that which is provided by teachers.
Therefore, AI is not a threat to teachers; rather it is a partner that benefits not just the teachers, but the students as well. It is important that policy makers move to develop and implement policies that integrate AI into the education system in Nigeria. The earlier we embrace this innovation, the better it will be for the future of every child.
Eniola Shobiye
Shobiye, a student, writes from the University of Ilorin.
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