Whistleblowing Policy and Fraud Prevention in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.1(1)2021.007Keywords:
Whistleblowing Policy, Fraud Prevention, Tiers of GovernmentAbstract
This paper examined the effectiveness of whistleblowing policy on fraud prevention in Nigeria. Specifically, the paper accessed the level of whistleblowing policy implementation and how it influences fraud prevention among the three tiers (federal, state and local government) of government in Nigeria. Purposive sampling techniques was introduced in selecting 97 staffs accross federal, state, and local government agencies within katsina state metropolist. Questionnaires were used to source data from the selected staffs. The Data were analyzed using the means score, while levene's test for equality of variances was used in testing the hypotheses with the aid of SPSS version 23.0. It was found that, there are significant variances in the implementation of whistle blowing policy among the 3 tiers of government with higher implementation at the federal level. Furthermore, the F statistics values of 5.923, 5.218, and 4.072 at 0.051, 0.062, and 0.090 values of significant indicated that whistleblowing policy have significant impact on fraud prevention in Nigeria. The paper recommends full implementation of whistle blowing policy most especially by state and local government parastatals. The study further recommends that, fraud prevention agencies such as, EFCC, ICPC and other relevant bodies to create awareness on the advantages and impact of whistle blowing policy on fraud detection and prevention.
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