Despite concerted efforts made by successive government administrations in Nigeria to
eliminate or better still minimize the menace of fraud, embezzlement, misappropriation of
funds, inflation of contract prices, payment of salaries to ghost workers etc., it seems as if the
challenge is far from being over. It is believed that the implementation of effective and
efficient financial control systems may result in better performance, accountability, and better
reporting process in the public sector. This study aims to assess the effectiveness of financial …