The collapse of multiple firms globally after publication of huge profits drew the attention of regulators, shareholders and scholars about the extent board of directors discharge their responsibilities and raise the question as to the role the board play on firm failures and quality of accounting reports. The two most important attribute of financial reporting quality is relevance and faithful representation. However, this study is focused on value relevance and examines the nature of relation between Firm governance and value of accounting reports of Nigeria banks quoted on Nigeria Stock exchange. Secondary data was derived from banks and Nse website for period of study 2013 to 2023. Three proxies which measured Firm Governance were adopted. Independence and size of the board, and independence of audit committee was used respectively to represent Governance while Ohlson’s model determined value relevance. Hausman test for selection of model and Multiple Regression were adopted because of the multivariate data used. causality test was conducted to establish direction of causality. Various classic assumption tests were conducted on data set. Board size and independence significantly affect value relevance while audit committee independence does not. However, board size negatively relates with value relevance while board independence related positively. Based on outcome, board independence should be enhanced while optimal board size should be determined by each bank to enhance value relevance of information derived from financial reports. Also, members of the various boards should have good reputation and understanding of finance and accounting. Training for upscaling of skills should be organized for audit committee members to enhance their contribution in performance of oversight functions on financial reporting and also ensure accounting information meet demands of various Stakeholders who rely on this information for decision making