DOI: 10.21276/sjbms.2016.1.3.5 101 Saudi Journal of Business and Management Studies ISSN 2415-6663 (Print) Scholars Middle East Publishers ISSN 2415-6671 (Online) Dubai, United Arab Emirates Website: http://scholarsmepub.com/ The Impact of Corporate Governance on Nigeria Economy Using Some Selected Organizations (Banks) From the South East Region of Nigeriaas the case study Orajaka Ugochukwu Paul School of Business, Argosy University, Atlanta, United States *Corresponding Author: Orajaka Ugochukwu Paul Email: puorajaka@yahoo.com Abstract: In this study, Corporate Governance was examined to ascertain its impact on the Nigeria economy using some selected organizations from the south east region of Nigeria as its case study. The sources of the data used for this research were primary and secondary data. A total population of 12,319 people was eligible to participate in this research work. Three hundred and eighty seven (387) respondents were used for this study which was determined using Yaro Yamani sampling technique. Questionnaires were administered to the respondents; all were answered, completed and returned. The descriptive method was used to analyze the data generated for the research. This was supported by tables showing questions, responses of Yes or No, and their percentages. The hypothesis was tested using general regression analysis, goodness- of-fit, descriptive statistics and correlation statistical analysis. From the findings, many respondents were of opinion that corporate organizations operations improve in many forms/ways the Nigerian economy. This means that corporate governance to a large extent impact on the Nigeria economy. Keywords: Corporate, Governance, Economy, Operations, Organizations, etc INTRODUCTION From the words of Loi alibi, AMD of international bank plc, in the vanguard of 8 th October [1], corporate governance in Nigeria appears have been reduced to posing a shining camouflage to the unsuspecting public. Organizations in Nigeria now seem to be managed on the pages of newspapers. Most of them have become philanthropic foundations portraying artificial wellness. Within, these organizations are dying gradually through gross mismanagement. This why it is not uncommon to find a corporate executive that was decorated with corporate excellence awards. It is pertinent to the state that mismanagement is not limited to Nigeria and other developing countries. In fact, developed countries have also witnessed one form of mismanagement or the other. In Nigeria, it is always a case of gross mismanagement and corruption which has always been a problem to the system of corporate governance. This issue became more pronounced in august 2009, when the central bank of Nigeria (CBN) sacked five bank chief executive officers (CEOs) and their executive directors for various offences committed against tenets of prudent and conservative banking and contrary to the credit policies of these banks. These are offences that corporate governance would have prevented adequately. Aim of the Study The aim of this research work is to examine the impact of corporate governance on the Nigeria economy. Hypothesis Ho – There is no significant relationship between corporate governance and Nigeria economy Ho – There is no significant relationship between corporate missions and visions to that of the Nigeria economic missions and visions. REVIEW OF RELATED LITERATURE Corporate Governance According to Prasad [2] corporate governance refers to the relationship that exists between different participant and defining the direction and the performance of a corporate firm. Corporate Governance Mechanism According to Prasad [2] corporate governance mechanism can be broadly characterized as either internal or external to a firm Internal Control Mechanism Internal control mechanism that influence the degree to which management represent shareholders interest are: