The Institute of Directors Nigeria (IoD), Nigeria’s premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, is pleased to announce that Former President Muhammadu Buhari, GCFR, last week, assented to the Institute’s Charter Bill, which was earlier passed by the National Assembly. According to the Institute, the Bill was signed into law on Friday 26th May, 2023. The Institute would now be known and referred to as Chartered Institute of Directors Nigeria.
Dr. Ije Jidenma, President and Chairman of the Governing Council of The Institute of Directors Nigeria (IoD) said: “This has confirmed the leading status of the Institute as the apex body upholding sound corporate governance practices and ethical standards in Nigeria. And by this singular act, the Institute has assumed a Charter status, conferring on it the responsibility to organise and deliver director development training and corporate governance practices in Nigeria.”
According to Dr. Jidenma, we are indeed grateful to both the Immediate Past National Assembly and President Muhammadu Buhari, GCFR, for painstakingly following through the process that has brought this to fruition. This has been a long journey and we are excited that it has finally come as a befitting 40th anniversary gift to the Institute.
Dr. Jidenma further added that the Institute is immensely grateful to its past and present leaders, for their contributions to the realisation of this great feat. “They have worked tirelessly to promote the principles of good corporate governance and have helped to establish the Institute as a respected and influential organisation in Nigeria and beyond. As an Institute, we shall remain committed to strengthening Director capacity and contributing our quota to the growth and development of the Nigerian economy.”