Onitsha Monarch, Igwe Achebe Calls For Harmonization Of Corporate Governance Code


The Obi of Onitsha, Obi Nnaemeka Achebe, has tasked the Federal Reporting Council of Nigeria on the revision, harmonization and unification of the codes for corporate governance in the country.

Obi Achebe made the call as a Guest Lecturer at the Grand Finale of the Silver Jubilee Celebration of the Faculty of Management Sciences, Nnamdi Azikiwe University, Awka.

Delivering the lecture tagged "Management Sciences in Nigeria in the past twenty five years: A Boardroom Perspective," Obi Achebe stated that the multiple and overlapping sectoral corporate governance codes threatens the growth of businesses and hampers their development.
He noted that though the Federal Reporting Council of Nigeria since its establishment by an act of parliament in 2011 has been able to harmonize some the regulations, there is need for a revision of the codes to ensure a better business environment in the country.

The traditional ruler also advocated a bi-partisan response to other challenges facing the country.
Former Senate President, Senator Ken Nnamani, who chaired the Occasion, on his part, commended the Faculty for including the lecture in their Silver Jubilee celebration and described the Institution as quickly driving towards becoming a model in University education in the country.
Earlier in a welcome address, the Vice Chancellor, Nnamdi Azikiwe University Awka, Professor Joseph Ahaneku, said it has become imperative to create an effective interface between the major players in the industry and the academic world as a way to build the capacity of students to meet the demands and challenges of their chosen careers.
Others who spoke at the event, including the Dean of the Faculty of Management Sciences, Unizik, Reverend Canon Professor Anayo Nkamnebe; founding members of the Faculty, Professor Pita Ejiofor of the Otu Suwakwa Igbo fame and Reverend Professor Ben Osisioma, all emphasized the need for the sustenance of such platforms to expand the knowledge base of management science in the county.
Highpoints on the event was the presentation of special awards of recognition to former Governor of Anambra State, Chief Chukwuemeka Ezeife, the Obi of Onitsha, Igwe Nnaemeka Achebe, the Senator representing Anambra Central, Chief Victor Umeh and numerous others.


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