The Institute of Directors Nigeria (IoD), the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, is pleased to announce that President Muhammadu Buhari, GCFR, has assented to the Institute’s Charter Bill, which was earlier passed by the National Assembly. The Bill, according to the Institute, was signed into law by the President on Friday 26th May, 2023.

The Institute 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 Chartered status, conferring on it ” the responsibility to organise and deliver director development training, capacity development programmes and corporate governance practices in Nigeria.”

According to Dr. Jidenma, we are indeed grateful to both the National Assembly and President Muhammadu Buhari, GCFR, for painstakingly following through with 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 further 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, professionalisation and contributing our quota to the growth and development of the Nigerian economy”.

The Institute of Directors Nigeria (IoD) is the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria. The Institute was founded in 1983, and obtained an affiliate status in 1997 from IoD UK with full autonomy to operate in Nigeria. The IoD Nigeria promotes professionalism through continuous education, information sharing sessions and networking programs. The Institute has numerous registered members, and is well known for its Annual Directors’ Conference.

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