Anti-Corruption strategies and development in Nigeria: A case study of the Independent Corrupt Practices Commission (ICPC) and Economic and Financial Corruption Commission (EFCC)

The issue of corruption has led to loss of confidence in Nigeria by its citizens at home and abroad due to the activities of fraudsters, corrupt public officials and mis-governance by our leaders. On the international scene, Nigeria has been blacklisted as a slate in which integrity and transparency are alien and where no transactions occur without greasing palms. Others are over concentration of resource at the centre and a culture of unregulated informal economy, inefficient contract awards, inadequate enforcement of existing law, absence of the rule of law and a culture of preferential treatment in the conduct of government business. The Independent Corrupt Practices Commission (ICPC) and Economic and Financial Corruption Commission (EFCC) were established by the present administration to combat corruption at various levels. It is lamentable to observe that in spite of these strategies in place, little or no success has been achieved in that direction. The main objectives of the study are to identify the causes of corruption and their effects on Nigerian society; to analyse the role of the various Strategic Agencies on Anti-corruption and the impact of their existence. The method adopted for the study is the historical and observational method. Related literatures on corruption and government strategies are also utilized for the study. The findings of the study are that the existing Anti-Corruption Agencies are trying their best to curb corruption in Nigeria but that greediness and political instability are some of the primary causes of corruption. Government's lack of will to indict some past and present public office holders, inadequate and ineffective legislation on corruption are responsible for the high level of corruption in Nigeria today It is recommended that in fighting corruption, Nigeria requires good and virtuous leaders who are honest with integrity, discipline and trustworthy, creation of employment, upgrading of Nigeria police amongst others. Lwati: A Journal of Contemporary Research Vol. 4 () 2007: pp.212-234