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EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN PUBLIC FINANCIAL CONTROL AND ANTI CORRUPTION CRUSADE IN NIGERIA
ABSTRACT: The paper examined the relationship between public financial control and anti-corruption crusade in Nigeria. The major scope of the study is the era of democracy when there is serious emphasis on anti-corruption crusade in Nigeria. Consequently the periods under review span through 2000 to 2016. Public financial control is proxied by financial freedom FF where a low index connotes government grip of the financial activities and vice versa. Corruption control index is used to proxy anti-corruption crusade and high index means effective anti-corruption crusade and vice versa. Other variables used in the study includes index of government effectiveness, corruption perception and economic growth. Inferential statistics was employed. The result shows that there is a weak linkage between anti-corruption crusade and public financial control in Nigeria. And the causality that flows from public financial control to anti-corruption crusade is stronger than the one that flows from anti-corruption crusade to public financial control. It is recommended that public financial control should be made an effective tool of fighting corruption rather than making anti-corruption a measure to enhance public financial control.
Keywords: Anti-corruption crusade, Public financial control, corruption perception, corruption control