ACCOUNTING SYSTEMS AND GHOST WORKERS SYNDROME IN NIGERIA

Emeka Obiora Peters

Abstract


Ghost worker syndrome, a means through which huge sums of honey are siphoned from public treasury, has become an age-long problem that seems intractable in Nigeria and other developing countries. Some measures like privatization, commercialization, often retrenchment wave been adopted to tackle this hydra-headed monster, all to no avail. this study has come up with a solution: Accounting syslems with an in‑Built control system to preclude and detect fraud. Chi-Square value was Computed and compared it with X0  Since X'is greater than X0.05, This implies that Accounting Systems can he used to solve the Ghost Worker Syndrome, with the in-built control system in use, over bloated wage hill can be reduced to an acceptable levels: below 40%. By this, Governments can take care of the sectors of the Economy --- Capital projects like Road Construction. Agriculture, Industries, etc. that can help to accelerate economic growth and development of the State, in the light of the immediate foregoing, When this is achieved, governments can access enough money to embark on life transformation projects. The only conditions needed to accomplish the above are Transparency and good Accountability.


Full Text:

PDF

References


ACFE (2010). Report to the Nation on Occupational Fraud and Abuse: Global Fraud Survey. Retrieved from www.acfe.com

Adeniyi A.A. (2011): Auditing and Investigations Wyse Associates Limited, Ikeja Nigeria.

AICPA (2007). Concealed liabilities Retrieved from: www.aicpa.org [Accessed 3 July 2011] pp.1-10

Akenbor C. and Ironkwe U. (2014). Forensic Auditing Techniques and Fraudulent Practices of Public Institutions in Nigeria Federal University, Otuoke, Nigeria University of Port-Harcourt, Choba, Nigeria. Journal of Modern Accounting and Auditing, ISSN 1548- 6583; April 2014, Vol. 10, No. 4, 451-459.

Akinbuli S. F. (2013). An Assessment of Accountability in the Public Sector in Nigeria B.Sc., M.Sc. LL.B, BL. AMNIM, FCA, ACTI. Ph.DDistance Learning Institute, University of Lagos, Akoka Lagos-Nigeria Arabian Journal of Business and Management Review (Nigerian Chapter) Vol. 1, No. 3, 2013

Achua, J.K. (2009): Reinventing Governmental Accounting for Accountability Assurance in Nigeria. The Nigeria Research Journal of Accountancy, the Institute of Chartered Accountant of Nigeria, Lagos, Nigeria. October, 2009, Vol. 1No. 1. pp 1-13

Agbebiyi, H.A (2000) The Role of Accounting Profession in Nigerian Development: Being a lecture delivered to participants of Senior Executive Course No 22 of the National Institute for Policy and Strategic Studies, Kuru on Thursday July 6, 2000. The Nigerian Accountant, Journal of the Institute of Chartered Accountant of Nigeria,October/December, 2000, Vol. 33 No. 4.pp 49-57Companies and Allied Matters Act (CAMA) (1990); Federal Government Printers, Lagos

Dada, S. O., (2014) Forensic Accounting Technique: A Means of Successful Eradication of Corruption through Fraud Prevention, Bribery Prevention and Embezzlement Prevention in Nigeria. Kuwait Chapter of Arabian Journal of Business and Management Review Vol 4, No.1; September. 2014 pp.176 -186

Danfulani, J. (2013). E-governance: A Weapon for the Fight against Corruption.

Decree No. 24 of 1999. official Gazette, No. 27, vol.86 Lagos: Federal Government Press.

Erunke, J. and Agbakwuru, J. (2014). Senate to Probe Collection of Double Salaries by Policemen in EFCC.

Faustinus, N. (2013). Nigeria Civil Service and Salary Fraudster. Daily Post Nigeria Online Federal Republic of Nigeria (1999). The Constitution of the Federal Republic of Nigeria,

Federal Republic of Nigeria (2008). Public Service Rule, Office of the Head of Service of the Federation. Abuja: FGP 85/82009/700(OL51)

Fitzpatrick Associates, 1999. Review of public service pay determination. Unpublished Consultancy Report Obtained from the Department of the Taoiseach Government of Ireland, (2006) Towards 2016, Government.

Fraud and internal controls, Part 3: Internal fraud schemes By EVERETT COLBY, CFE, FCGA.

Ige, O.I. (2013). IMF gives Obasanjo Ultimatum on Ghost Workers. Vanguard, 29th September.in Nigeria. Ibadan Spectrum Books Ltd.

Irish Times, 2002. Body offers neither accountability nor transparency. Dublin, 4-7-2002: Irish Times.

Iwarimie-Jaja, D. (2012). Criminology: The Study of Crime. Owerri: Spring field Publishers.

Jibrin S. M,Ejura B. S. and Augustine I. N.(2015). System of Payroll in The Public-Sector Administration; Asian Development Policy Review, 2015, 3(1):9- Corresponding author DOI: 10.18488/journal.107/2015.3.1/107.1.9.19 ISSN(e): 2313-8343 © 2015 AESS Publications. All Rights Reserved.

Johnson, N., 1974. Defining accountability. Public Administration Bull., 17: 3-13.

Kingsley K. M. (2015). Fraud and Corruption Practices in Public Sector: The Cameroon Experience; School of Business and Public Policy, Saint Monica University, Honolulu, Hawaii, USA.Tel: +237677658051 Email: kellykings@yahoo.comISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.6, No.4, 2015.Limited.

Lipset, S. M. and Lenz, G. S. (2000). Corruption, Culture and Markets. In: Lawrence, E. H. and


Refbacks

  • There are currently no refbacks.


ISSN (Print): 2276-8645

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.