The issue of corporate governance has crept into the business world and the banking industry is not an exception. This necessitates the study to ascertain the implications of corporate governance on the performance of Deposit Money Banks in Nigeria in order to look inwardly the extent application of corporate governance code has enhanced the efficiency and effectiveness of the Nigerian banking industry. Also, the lingering problem of bank failure in Nigeria generated another concern with the existence of bunch of rules and regulations governing the operations of banking business. Descriptive research design was adopted reviewing corporate governance principles and theory to ascertain the problem at hand and to achieve the stated objectives. The study found among other things that non compliance to corporate governance code in the Nigerian banking industry hampers banks performance. The position of the paper is that good corporate governance culture is non negotiable since it has impact on the performance of existing banks in Nigeria. It is recommended that the Deposit Money Banks should enforce full disclosure practices and transparency practices of corporate governance thereby enhancing trust in order to survive in the competitive financial environment in Nigeria.

The issue of corporate governance has crept into the business world and the banking industry is not an exception. This necessitates the study to ascertain the implications of corporate governance on the performance of Deposit Money Banks in Nigeria in order to look inwardly the extent application...