Abstract
The dominant influence of corporate governance principles in corporate administration is beyond question. The pervasive influence of corporate governance principles has been largely attributable to the adverse consequences of non-compliance with provisions of corporate governance codes. Nigeria is no exception in the implementation of corporate governance codes. This is made manifest by the fact that there exists in Nigeria a multiplicity of corporate governance codes; some of which are industry specific. In the implementation of corporate governance principles, some crucial matters are either being overlooked or ignored. This paper, while highlighting the legal framework for corporate governance in Nigeria and the benefits of adherence to sound corporate governance principles, points out some inherent shortcomings of the corporate governance regime in the country.
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