CORPORATE GOVERNANCE AND PERFORMANCE ON DEPOSIT MONEY BANKS IN NIGERIA (A CASE STUDY OF DEPOSIT MONEY BANKS)

The study was conducted to evaluate the effect corporate governance on performance of deposit money banks in Nigeria. The study adopted ex-post facto research design. The population of the study comprised of 15 deposit money banks in Nigeria. The study used purposive sampling technique to select 10 banks in Nigeria. Secondary method of data collection was adopted to obtain the necessary data for analysis purpose within a period of 11 years between 2012 – 2022. Multiple regressions were used to test the study hypothesis and Hausman test was used to select the best estimator between the fixed and random effect model. The result in hypothesis one shows that board composition has a negative and insignificant effect on Return on Assets (ROA) of deposit money banks in Nigeria 1=-0.000213. The result in hypothesis two revealed that ownership structure has a positive and significant effect on Return on Assets (ROA) of deposit money banks in Nigeria 2= 0.050674. Hypothesis three revealed that board independence has a positive and significant effect on Return on Assets (ROA) of deposit money banks in Nigeria 3= 0.018154. The study concluded that corporate governance has a significant effect on the performance of Nigerian deposit money banks. The study recommended regulators and stakeholders should consider policies that promote well-defined ownership structures in Nigerian banks. Clear ownership boundaries and accountability could improve performance, as strong ownership structures are shown to have a significant positive impact on Return on Assets (ROA) in this study