EFFECT OF TREASURY SINGLE ACCOUNT (TSA) ON CORRUPTION AND FRAUD MANAGEMENT IN THE NIGERIAN PUBLIC SECTOR (A CONCEPTUAL OVERVIEW)

EFFECT OF TREASURY
SINGLE ACCOUNT (TSA) ON
CORRUPTION AND FRAUD
MANAGEMENT IN THE
NIGERIAN PUBLIC SECTOR (A
CONCEPTUAL OVERVIEW)
Kankpang, Alphonsus Kechi PhD
Department of Accounting, University of
Calabar, Calabar
070356960151
drkechi@gmail.com
&
Nkiri, Joseph Eyam
Department of Accounting, University of
Calabar, Calabar
09078242361
ABSTRACT
The Nigeria nation is bestowed with
abundant natural and human resources, yet,
it is still classified as a developing nation as
these resources are yet to be impactful on
the wellbeing of the citizenry. Corruption
and fraud in the nations’ public sector have
been described as the greatest challenges of
our time and prevalence of high level of
corruption in governance has been
identified as one major obstacle militating
against the rapid growth and development.
This study examines the extents to which
the implementation of the TSA policy has
affected the minimization of corruption and
other unwholesome fraudulent practices in
the Nigerian public sector. The study was
conducted as a conceptual study by
Accounting and Finance Research Association
reviewing the works of several other
researchers regarding the effect The study
concluded that notwithstanding the various
strategies put in place by successive
administrations in Nigeria to combat
corruption and public sector fraud, it has
persisted because of the lack of political will
to put a definite end to the monster. The
study therefore recommends that the
government through appropriate agencies
should strengthen the process of TSA
compliance. Additionally, legislations should
be enacted that will institutionalize the TSA
across all tiers of government therefore
avoiding deviation at the Federal level by
other successive governments. Public Sector
Accountants should be trained to meet up
with the challenges of TSA operations.
Finally, bureaucratic challenges surrounding
the TSA should be minimized to the least
possible level.

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