European Journal of Business and Social Sciences, Vol. 2, No.8 , pp 89-111, November 2013. P.P. 89 - 111 URL: http:/ / www.ejbss.com/ r ecent.aspx ISSN: 2235 -767X EUROPEAN JOURNAL OF BUSINESS AND SOCIAL SCIENCES 89 CORPORATE GOVERNANCE AND BANK’S PERFORMANCE IN NIGERIA ( POST – BANK’S CONSOLI DATION) Akingunola R.O Department of Accounting, Banking and Finance Ol abisi Onabanjo Uni versit y,Ago Iwoye,Ogun State Adekunle Olusegun.A (Cor r esponding Author ) Depart ment of Busi ness Administ rati on Gat eway Pol yt echnic Saapade, Ogun St at e, Ni geria E-mail: adekunleolusegun@yahoo.com + 23408034254976 Adedipe oluseyi .A Department of Account i ng and Finance Ajayi Crowt her Uni versit y, Oyo, Oyo St at e Nigeria ABSTRACT he financial institution in Nigeria like ot her African country has been struggling with the epidemic of inadequate corporate governance over t he years what seem t o be an exigency of i nt egration between political and economic pursue after forty seven years of political independence. This has t o do wit h what revolves round all t he sect ors of t he economy – corporat e governance. It deals wit h t he complex set of t he relat ionships bet ween t he corporation and its board of Directors, Management, Shareholders and ot her St akeholders. In t he recent years, t he regul at ors and legislat ors have int ensified t heir focus on how business i s been managed and run. This has led to creation of a t emplate for new corporate governance and et hi cal st andard which is benefi cial for bot h t he st akeholders and controllers. This study carried out some estimated models. Binary probit was adopt ed t o t est t he covariance mat ri x computed on st r uct ured quest i onnaire t o bank’s cl ient s and i t was discovered t hat t he variabl es such as independence, reliance, and fairness hel ps in t he effective performance of banks but the major significant ones in this consolidation period are accountability and transparency of bank’s staff. Also, least square regression analysis was adopt ed t o convey t he relat ionshi p bet ween bank deposit s wit h bank credit. The est imat ion of t he devel oped model was found t hat banks total credit was positively related but not significantly determinant factors of bank’s performance, and bank deposit was found to be positively related to bank performance but was insignificant in Nigerian economy. Base on the result therefore and view from bank’s clients, it was cleared that corporate governance is needed for effective bank performance especially during the period of post consolidati on i n Nigeria. Hence, t his st udy therefore summaries the highlights: discuss the impact of corporate governance in all the 24 Nigerian main stream banks. It is worthy of note that though corporate governance has been t he heart beat of st akehol ders and regulat ory body yet t he objecti ve has not been fully achi eved. The st udy recommend t hat , for bet t er bank performance i n Nigeri a, banks shoul d embrace t he fiduciar y element in financial services which include transparency, accountability, fairness, high et hical standard and t hey are to ensure that their t op management officials is independent. These will promot e corporate governance and leads t o complet e reli ance of bank’s client s on t hem. Keywords: Corporat e Governance, Bank Performance, Et hi cal St andard, Fiduci ary Pri nciples, Financi al Instit uti on T