Internal control system and fraudulent practices the Nigerian public sector; a survey of Nigerian national Petroleum Corporation (nnpc) Nigeria

Abstract

The researcher investigated the relations, between ‘internal control system and fraudulent practices in the Nigerian public sector,~ a survey of Nigerian National petroleum Corporation (NNPC)’. The purpose of the study was to determine the Effect of Internal Control system on fraudulent in the Nigerian National Petroleum Corporation, Nigeria. The specific objectives were to determine the relations between internal control system components (Control Environment, Risk Assessment, Control Activities, information and communication, and monitoring) and fraudulent practices in the Nigerian public sector. The study adopted a cross sectional research and descriptive research design in which data was collected and analyze using quantitative method. The sample size of 300 was selected from the target population of 1205 using Slovene‘s formula. Results from the Pearson linear correlation and regression analysis shows that there are statistical significant relationship between the internal control system variables and fraudulent practices in the Nigeria public sector and internal control system have a negative Effect on fraudulent practices. Thus Control Environment was regressed on