Introduction In January 2019, the Federal Government of Nigeria unveiled the Nigerian Code of Corporate Governance 2018 (the “Code” or the “NCCG 2018”). The Code was published in 2018 by the Financial Reporting Council (“FRC”) pursuant to its powers under Sections 11(c) and 51(c) of the Financial Reporting Council of Nigeria Act 2011 (the “Act”) and launched in January 2019. The NCCG 2018 consolidates the private and public companies’ codes of corporate governance and replaces the National Code of Corporate Governance 2016 which was suspended due to its contentious provisions on not-for-profit organizations.

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