THE IMPACT OF WAR AGAINST CORRUPTION TO THE ECONOMY OF NIGERIA
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ABSTRACT
This study was carried out to examine the impact of the war against corruption on the economy of Nigeria having a case study on the economic and financial crimes commission (EFCC), Lagos state. Specifically, the study aimed at examining the level of corruption in Nigeria, determine the relationship between corruption and the economic development in Nigeria, determine the ways of improving the fight against corruption in Nigeria, and examine the level of success of the fight against corruption in Nigeria. The study employed the survey descriptive research design. A total of 77 responses were received and validated from the survey. From the responses obtained and analysed, the findings revealed that the war against corruption influences the economy of Nigeria. The findings also revealed that corruption does impede the economic development of Nigeria. The study therefore recommended that the government of Nigeria should channel the looted huge amount of money that are recovered so far back into the Nigeria economy for its revitalization rather than keeping it in any account; where it can still be tampered with corruptively. Also, the government of Nigeria should endeavour to reform public administration and finance management. Moreso, the government of Nigeria should promote transparency and access to information, empowerment of citizens, and close international loopholes.
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