CORPORATE GOVERNANCE MECHANISMS AND TAX AGGRESSIVENESS IN NIGERIAN QUOTED DEPOSIT MONEY BANKS

This study investigated the effect of corporate governance mechanisms on tax aggressiveness in quoted Deposit Money Banks (DMBs) in Nigeria. Specifically, this study examined the impact of board size, board independence, board gender and chief executive officers’ duality on tax aggressiveness of quoted DMBs in Nigeria. This study was anchored on agency theory and adopted Ex-post facto research design. Secondary data were collected from annual reports of a sample size of eight (8) quoted Deposit Money Banks (DMBs) in Nigeria from the period 2016 to 2025 making ten (10) years. Also, Ordinary Least Square regression technique was employed for data analysis. The results indicating that board size has positive and significant impact on tax aggressiveness in quoted DMBs in Nigeria. Also, board independence has negative and insignificant impact on tax aggressiveness in quoted DMBs in Nigeria. Furthermore, board gender has negative impact on tax aggressiveness in quoted DMBs in Nigeria. Moreover, chief executive officers’ duality has negative impact on tax aggressiveness in quoted DMBs in Nigeria. In conclusion, except board size, board independence, board gender and chief executive officers’ duality has positively and significantly impacted on tax aggressiveness in quoted DMBs in Nigeria. Hence, it is recommended among others to the government should set up monitoring mechanisms such as continuous tax audit to check the activities of directors of quoted DMBs in Nigeria.