The study looks at the variables affecting human capital disclosure in the corporate reports of 14 deposit money banks in Nigeria. The logistics regression model and secondary data from the 2014–2023 annual reports were used in the study. The findings demonstrated that management ownership had a beneficial impact on the disclosure of human capital, resulting in higher levels of transparency. This is consistent with earlier research that found a favorable correlation between management ownership and human capital disclosure. According to the study’s findings, management ownership is a workable corporate governance tool for better voluntary disclosures, sending a favorable signal to the market and motivating executive directors to prioritize long-term sustainability and product quality. According to the study, board financial competence positively affects human capital disclosure (HCD), indicating that comprehension of financial statements and accounting concepts can enhance board supervision and shareholder interests. It advises businesses to embrace strong procedures, promote voluntary disclosure of value-added human resource activities, and enhance human capital disclosure in corporate reports. A well-defined structure for accounting and It advises businesses to embrace strong procedures, promote voluntary disclosure of value-added human resource activities, and enhance human capital disclosure in corporate reports. Since the International Financial Reporting norm lacks a defined norm, a clear framework for accounting and financial reporting of human capital is also required.