Effect of Probity and Accountability on the Development in Nigeria

Abstract

In the global world setting, Probity and Accountability is one of the major words that Accountants in particular and world in general consider very important. Nigeria as a country is highly ranked by international communities as corrupt. This has contributed to low level of infrastructural development. The present government in Nigeria is trying to recover from all corrupt past leaders the funds that will be put back into development. The research was conducted to determine the use of probity as a development for sustainable recovery from corrupt system in the past few years in Nigeria. The researcher used both quantitative and qualitative secondary data for the write up. Correlation Analysis and Multiple Linear Regression models were used to determine independent associations between Probity, Looted Funds Recovered and GDP growth in Nigeria. Based on the findings, there is no relationship between probity and government efforts to recover stolen funds. Also there is no relationship between the amounts of recovered fund (Probity) and the level of economic development in Nigeria. The researcher recommend that the country should check on corruption, improve integrity, political and societal will before appointing and electing any political officer.

Keywords: Probity; Accountability, Corruption; Integrity; SPSS, and General public.