LASU Journal of Management Sciences
Published March 14, 2026 | Version v1
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Governance And Anti-Corruption in Nigeria: The Role Of Economic And Financial Crimes Commission As An Agent Of Accountability

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Abstract 
This study examines governance and anti-corruption in Nigeria: the role of Economic and 
Financial Crimes Commission (EFCC) as an agent of accountability. The objective was to 
ascertain the depth and effect of corruption on Nigerian people. Public Choice theory was used to 
determine why Nigeria has been stigmatized as the most corrupt nation in the World for a very 
long time by Transparency International (TI). Nigeria was named the giant of Africa, a land 
flowing with milk and honey and endowed with huge human and material resources but the citizens 
are living below the poverty line. Secondary (library based) method of data gathering was used 
for review of cases and legislative analysis. The results showed that corruption is legitimized by 
various administration in Nigeria. Nigeria is engulfed by massive indiscipline, looting and 
embezzlement of public funds. Findings also indicated significant recoveries and prosecutions, but 
challenges persist in political interference and resource constraints. The study recommends 
increased funding, public awareness, and judicial reforms to strengthen EFCC’s role. The 
activities of EFCC should not be directed towards the perceived enemies and critics of the 
government so that the populace will see the genuineness of government intention to stop 
corruption. 
Keywords:  Governance, anti-corruption, EFCC, Agent, Accountability

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