Harmonisation of Whistleblowing Policies and Anti-Corruption Regulation in Listed Companies in Nigeria

Whistleblowing policies are integral to a company’s anti-corruption framework, serving as a critical mechanism for detecting and addressing unethical practices like corruption. There is currently no comprehensive legislation in Nigeria on whistleblowing, however companies in Nigeria are required to implement effective whistleblowing programmes under Principle 19 of the Nigerian Code of Corporate Governance 2018. This study utilised a desk review approach to examine the current state of whistleblowing policies in listed companies in the Nigerian Stock Exchange (NSE), identify key areas for harmonisation, and analyse the potential impact on anti-corruption efforts. This study explores the potential benefits of harmonising whistleblowing policies across these listed companies. By establishing consistent standards and procedures, harmonisation can enhance the effectiveness of ongoing efforts by listed companies on anti-corruption self-regulation. It is hypothesised that harmonised policies can improve the detection and reporting of corruption and strengthen corporate governance and anti-corruption regime in Nigeria.