IMPACT OF FINANCIAL MANAGEMENT POLICIES ON FRAUD DETECTION IN THE NIGERIAN PUBLIC SECTOR
Emmanuel Ikpe-Agha , Muhammed Musa Naburgi , Musa Umar Doshiro and Nnanna P. Azu
Volume 5 Issue 1
Abstract
This study examines the impact of financial management policies on fraud detection in the Nigerian public sector, focusing on the Treasury Single Account (TSA), Integrated Personnel and Payroll Information System (IPPIS), and Government Integrated Financial Management Information System (GIFMIS). Using regression analysis, the findings reveal that TSA has the most significant impact on fraud detection, demonstrating its effectiveness in reducing financial leakages. IPPIS also contributes to fraud detection, though challenges such as ghost workers persist. However, GIFMIS does not show a significant effect, suggesting weak implementation and institutional inefficiencies. Additionally, government interference plays a crucial role in shaping the effectiveness of these policies. The study underscores the need for comprehensive policy enforcement, stricter compliance mechanisms, and reduced political interference to strengthen fraud detection. Recommendations include full implementation of TSA across all MDAs, regular biometric audits to improve IPPIS efficiency, and enhanced training for GIFMIS personnel. Furthermore, strengthening anti-corruption institutions and leveraging technology for real-time monitoring can further improve fraud management. The findings contribute to the growing discourse on public sector financial accountability, providing empirical evidence for policymakers to enhance financial management strategies and mitigate fraud risks in Nigeria. Keywords: Financial management policies, fraud detection, TSA, IPPIS, GIFMIS, Nigerian public sector
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