Effects of E-payment System on Corrupt Practice in Nigerian Public Sector: An Empirical Investigation

Sani Alfred Ilemona, Fowokan Titilayo Eni-Itan and Adewumi Moyosore Akingbade
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Sani Alfred Ilemona: Accounting Department
Fowokan Titilayo Eni-Itan: Strategic Tax Unit
Adewumi Moyosore Akingbade: Management and Accounting Department

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2022, vol. 7, issue 2, 1-17

Abstract: The study examined the effect of e-payment on corrupt practices in the public sector of the Nigerian economy. The aim was to empirically investigate the effects of digital payment given the contradictory opinions regarding effectiveness in addressing the issue of corrupt practice (embezzlement of public funds) by public officials in Nigeria. Data for the study were collected primarily through questionnaires administered to 400 purposively selected respondents from state ministries in Kogi, Adamawa, Ebonyi, Delta, and the Federal Capital Territory (FCT). Analysis of the data was done using descriptive, correlation, and Analysis of Variance (ANOVA) statistics. It was found that the various components of the digital payment system used in Nigeria namely: Point of sale, smart card, mobile payment, debit card, and remita (explanatory variables of the study) have a significant effect on corrupt practice dependent variable proxied by embezzlement of public fund. The Fstatistics values for all the explanatory variables greater than 1.96 for a two-tailed test at a 5 percent significant level indicate that the usage/deployment of e-payment has a significant effect on corrupt practice in terms of reducing the rate at which public funds are embezzled. The study concluded with the recommendation that efforts to encourage digital systems for the receipt and payment of cash in the Nigerian public sector should be sustained to ensure compliance by all tiers of government. This is important because of the low rate at which the payment is embraced at the local government level.

Keywords: E-payment; Corrupt practice; Embezzlement; Public officials; Public fund (search for similar items in EconPapers)
Date: 2022
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