Currently, the rate at which information is flowing from employer to employee makes it almost difficult for employees to ensure that all records have been read before attempting to destroy them. This study therefore examines organizational memory and employee performance in federal parastatals in Enugu state of Nigeria. The specific objective is to determine the extent of relationship that exists between shared knowledge and employee commitment of the parastatals in Enugu state of Nigeria. The study was guided by one research question and descriptive survey design was used. The study was anchored on Social Learning Theory by Bandura (1976). The population of the study is 120 staff and 92 were sampled. The data used was a primary data collected through structured questionnaire. The data collected was analyzed using Pearson Product Moment Correlation with the aid of Statistical Package for Social Science (SPSS, 23). The findings revealed that there is a significant relationship between shared knowledge and employee commitment. The study recommends among others that parastatals should ensure that their employees are competent so as to measure to the innovative changes in the organization. Contribution/Originality: This study is one of the very few studies which have investigated the level of relationship that exists between organisational memory and employee performance with specific focus on shared knowledge and employee commitment of federal parastatals in Nigerian environment. 1. INTRODUCTION The 21 st century business world seems to have moved on from being dependent on physical assets as a major competitive advantage component and performance determinant, to a world where invisible or intangible assets are key performance influencers. That is, a world where intangible resources rule. Such intangible resources include skill, competencies, abilities and knowledge. Ekwe (2013) buttresses this point by stating that the world economy has decades witnessed slow transition for the past few raging from industry based environment which has a focus on physical assets such as factories, plants, machines and equipment; to a high technology, information, knowledge and innovation based environment, which point on the expertise, talents, creativity, skill, dedication and experience of people in the organization. Central to the whole mix of intangible resources that have been observed by scholars and researchers to be pertinent to the performance of both the public and private sector organizations is knowledge. Companies that have this resource (knowledge) tend to outperform companies that do not, and so, focus seem to have shifted to the