IoD charter bill gets presidential nod

The Institute of Directors Nigeria has said the Federal Government has assented to the institute’s charter Bill, which was earlier passed by the National Assembly.

A statement from the institute said the Bill was signed into law by former President Muhammadu Buhari, on Friday, while he was still the president.

The corporate governance institute and promoter of ethical professional standards in Nigeria said the institute would now be known and referred to as, Chartered Institute of Directors Nigeria

The President and Chairman of the Governing Council, the Institute of Directors Nigeria, Dr. Ije Jidenma, 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’.

He added, “We are indeed grateful to both the National Assembly and President Muhammadu Buhari, 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.”

Jidenma added that the institute was grateful to its past and present leaders for their contributions to the realisation of the feat.

He said, “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.

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