The Vice President , Prof . Yemi Osinbajo, has charged heads of various enterprises to maintain sound ethical practices in order to ensure the sustainability and viability of their businesses .
Osinbajo disclosed this on Tuesday in a statement issued by the Senior Special Assistant to the President on Media and Publicity , Office of the Vice President , Laolu Akande .
The statement stated that the country ’ s second in command disclosed this at the virtual 2020 Conference of the Institute of Directors.
He said the development and sustenance of viable enterprises were no longer dependent on the size of the corporation and related factors but on sound ethical practices imbibed by all stakeholders.
He was quoted in the statement as saying , “ The frequent clashes between conscience and wrongful behaviour will eventually create a toxic work environment and destroy corporate objectives and visions .
“ There is also enough history of how cutting corners and dishonesty ultimately bring down the whole enterprise .
“ This we have seen in the facts behind the collapse of many Nigerian financial institutions from the nineties to the more recent occurrences in 2009 .”