MON, MAY 29 2023-theGBJournal |The Institute of Directors Nigeria (IoD) Charter Bill which as was earlier passed by the National Assembly, has been signed into Law.
The Bill, according to the Institute, was signed into law on Friday 26th May, 2023 by Former President, Muhammadu Buhari.
Following the develpment, the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, 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 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.”
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