BOARD COMMITTEE AND BANKRUPTCY RISK: A STUDY OF DEPOSIT MONEY BANKS IN NIGERIA

This ascertained the effect of board committee on bankruptcy risk in deposit money banks in Nigeria, using audit committee independence and board gender diversity, while Altman model for bankruptcy was employed for bankruptcy risk. Ex Post Facto research design was adopted for the study. Data were extracted from 2012 to 2024 from the audited annual reports and accounts of the sampled deposit money banks in Nigeria. From the analysis, the study show that audit committee independence had a positive and significant effect on bankruptcy risk for Nigerian deposit money banks. The study showed that board gender diversity had a negative and significant effect on bankruptcy risk for Nigerian deposit money banks. Based on the analysis, the study recommended among others that the audit independence should be encouraged to create an avenue for mutual reflection on matters that are significant to the banks such as straighten their operations, as well preventing it from going bankruptcy