Author : I. P. Ojiakor (Ph.D), C. A. Anisiuba (Ph.D), I. J. Nnam (Ph.D)

Government regime prior to the Obasanjo Administration established anti-corruption agencies to
help curb corruption and financial crimes in Nigeria. However, their efforts did not yield much positive results.
Nevertheless, the Obasanjo Administration contributed much in controlling corruption by establishing anti-graft
agencies such as Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices
Commission (ICPC). Yet the effect of the menace is felt by all the economic sectors. This situation has attracted
the attention of the government, public and private organisations and researchers. This resulted to this study. To
carry out this study, the researchers used survey design. Data were collected using questionnaires distributed to the
practising lawyers and accountants in Enugu state. Personal interviews were conducted to check consistency in
response. Data were analysed using percentage frequency, while Chi-Square-test statistic was used to test the
hypotheses. Results of the analysis revealed that greed and poverty have significant relationship with corruption,
pervasiveness of corruption in Nigeria is as a result of poor governance, favouritism, tribalism, and poor
remuneration; and the activities of the anti-graft agencies are not effective incurbing corruption and financial
crimes in Nigeria. The study therefore, recommended that ideal remuneration and motivation measures should be
applied at every level of the workforce. Also, the anti-graft agencies should be allowed to operate on a neutral
ground based on uprightness, total commitment, and a sense of responsibility, if the desired expectation is to be
achieved.

Affiliation :

Department of Accountancy, University of Nigeria, Enugu Campus

Keywords : Anti-Graft Agencies, Corruption, EFCC, Financial Crimes, ICPC
Date : Monday ,11 ,September ,2017

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