Vol. 2001 No. 1 (2001)
Corporate Accountability and Environmental Compliance under Nigerian Law: A Policy Analysis
Abstract
Environmental compliance in Nigeria is a critical yet underregulated area, particularly concerning corporate accountability. The country's legal framework includes provisions for environmental protection and enforcement but lacks effective implementation. The study employs a qualitative approach, analysing existing laws, judicial decisions, and industry practices to assess the effectiveness of environmental regulations and enforcement mechanisms in Nigeria. Findings indicate that while there is legal provision for corporate accountability under environmental law, actual compliance rates are low, with many companies failing to meet regulatory standards due to resource constraints and weak oversight. The analysis reveals a need for stronger enforcement mechanisms and incentives for compliance, coupled with greater public awareness of environmental responsibilities. Recommendations aim to bridge these gaps. Enhance legal penalties for non-compliance, establish independent monitoring bodies, and implement community-based participatory approaches in environmental management.