Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Effect of Due Process on the Management of Public Funds in Niger Delta Development Commission (NDDC) Port Harcourt Rivers State, Nigeria

Fidelis Odinakachukwu Alaefule Ph.D, Onuoha Joy Chidiebere Ph.D Juliet Akudo, Alaefule

Abstract

This study examined the effect of due process on the management of public funds in Niger Delta Development Commission Port Harcourt, Rivers State, Nigeria. A descriptive research design was used in executing the study with 269 selected sampled respondents. The core aspect of the study is the use of cross-sectional survey research design in generating the required primary data. Data collected were analyzed using descriptive and inferential statistics. The questionnaire was designed to obtain a fair representation of the opinion of the respondents using a five-point Likert scale. The questionnaire responses of the sample respondents were presented using tables. Primary data of the demographic characters were presented with the use of percentage. The hypotheses formulated were tested using the one sample t-test, Pearson Product Moment Correlation co-efficient and regression method. Statistical Package for Social Sciences technique software version 20 was employed to aid the data analysis. The results revealed that there is significant compliance of due process in the award of contracts in Niger Delta Development Commission Port-Harcourt, Rivers State, the accounting system in the public sector positively relates with proper financial accountability and transparency of stewardship and misappropriation of funds significantly affects the proper execution of developmental projects. It is recommended that the Managing Director should reinforce its monitoring team for proper and regular monitoring of the projects and should equally ensure that due process is always, strictly and adequately implemented. Competent contractors that use quality materials should be allowed to execute developmental projects. Inclusive measures should be taken to ensure that the Commission’s management does not allow influential political contractors to cart away with the Commission’s funds for their personal use instead of executing the projects awarded to them.

References

Adams, R. A. (2004). Public Sector Accounting and Finance, Lagos: Corporate Publishers Ventures. Adedoyin, O. A. (2004). The need for alignment of procurement with budget cycle: A lecture on procurement reforms stakeholder conference, Abuj Adegite, E. O. (2010). ‘Accounting, Accountability and National Development’, Nigerian Accountant, 43(1): 56-64. Adeyemi, T. O., & Falola, H. O. (2021). Effect of employee training and development on organisational performance in Nigerian deposit money banks: The mediating role of employee motivation. Journal of Human Resource Management, 9(3), 78–91. Afemikhe, S. (2006). The Due Process Mechanism and the Management of Public. Resources- Private Sector Perspective. A paper delivered at the National Training Workshop on Economic Reforms and the Management of Public Resources. Afolabi, B., & Kehinde, O. (2022). Human capital development and bank performance in Sub- Saharan Africa: Panel evidence from Nigeria, Ghana, and Kenya. African Journal of Finance and Banking Research, 18(1), 45–63. Andrew, L. (2015). Public Financial Management. Accessed on January 09, 2017 from www.gsdrc.org. Barney, J. B. (2020). Firm resources and sustained competitive advantage. Reprinted in Strategic Management: Core Concepts. McGraw-Hill. (Original work published 1991) Bello, S. (2001). “Fraud Prevention and Control in NigeriaPublic Service: The need for a Dimentional Approach”, Journal of Business Administration, 1(2):118-133. Belton, M. (2005). Due Process. Journal of Business Ethics. 81: 679-670. Emmanuel, E. A. (2015). Corruption and Financial Crimes in Nigeria: Genesis, Trend and Consequences. A Report on Worldwide Corrupt Practices, Transparency International Eriken, F. I. (2007). Evaluation of Due Process as a Tool for Fiscal Responsibility in the Nigerian Public Sector. Eze, M. C. & Nnedum, O. A. U. (2013). Public expenditure management reforms and national development: A critical evaluation of Obasanjo’s administration, 1999-2007. African Journal of Political Science and International Relations. Vol. 7(2) pp. 42-51. Ezekwesili, O. (2003). ‘Due Process Guidelines and Budget 2002 Implementation’, A Paper Presented at Abuja and Discussion on the Due Process by Office of the Secretary to the Government of the Federation. Ezekwesili, O. (2004). Due Process and the effect on Maritime Authority: A paper presented at the Annual Strategy Retreat for NMA, Ibadan. Gettu, T. (2004). Public procurement reform as a development mechanism: A lecture delivered at procurement stakeholder conference, Abuja. Hornby, A. S. (2001). Oxford Advanced Learner’s Dictionary of Current English Oxford: The English Language Book Society and Oxford University Press. Institute of Chartered Accountants of Nigeria (2006): Public Sector Accounting and Financial Study. Victoria Island: Victoria Island Publishing Limited. Ihonvbere, J. (2006). Political and Economic Reforms: An Article in Guardian Newspaper, July, 29. Iwundu, I. E. (2011). Financial Management: The Relevance of Due Process on Academic Institutions; A study of the University of Nigeria Nsukka. In Interdisciplinary Journal of Contemporary Research in Business, Vol 3, No. 7. Iwundi, I. E. (2012). Due Process and Executive Decisions in Local Government System in Nigeria.Ikenga International Journal Institute of African Studies UNN Vol.14 Nos.1&2. Johnson, I. E. (2004). Public Sector Accounting and Financial Control. Lagos: Financial Institution Training Centre. Marquis, C. & Tilsik, A. (2016). Institutional Equivalence: How industry and community Peers influence Corporate Philanthropy. Organization Science. 27(5): 1325-1341. ISSN 1047- 7039. Nadi, E. O. (2009). ‘Curbing Corruption in Public Procurement Process in Nigeria’. Journal of Property Research and Construction.Vol.1: 3-10. Nweze, A. U. (2004). Profit Planning a Quantitative Approach. Enugu: M’cal Communications International Publisher.2nd Edition. Nwosu, K. C., & Obiora, F. E. (2022). Manpower development and organizational effectiveness in selected banks in Imo State, Nigeria. Imo Journal of Business and Management Research, 5(1), 88–105. Obasanjo, O. (2003). Nigeria: From pond of Corruption to Island of Integrity. Text of a lecture delivered at the 10th Anniversary of Transparency International. Oguonu, C. N. (2011). Due Process and Procurement in the Nigerian Public Sector. United Kingdom: Adonis and Abbey Publishers Limited. Okwoli, A. A. (2004). “Towards Probity, Accountability and Transparency in Revenue Generation in Nigeria Public Sector”, Nigerian Journal of Accounting Research, Vol. 1(1):1--9 Olurankinse, F. (2012). ‘Due Process and Budget Implementation: An Evaluation of Nigerian Public Sector Auditing’. Asian Journal of Finance and Accounting Vol. 4, (2) Omolehinwa, E. (2014). Public Finance Management: Issues and Challenges on Budget Performance. Onodugo, V. A., Ugwuonah, G. E. & Ebinne, E. S. (2010). Social Science Research: Principles, Methods and Applications. Enugu: EL’DEMARK Publishers Osamede, B. A, & Imahsunu, A. F. (2014). ‘Due Process As An Instrument For Public Accountability’ A Case Study of Ministry of Finance and Budget. Penrose, E. T. (2021). The theory of the growth of the firm (4th ed.). Oxford University Press. (Original work published 1959) Sabo, B. (2003). Fraud Prevention and Control in Nigeria Public Service: The Need for a Dimensional Approach. Journal of Economic and Sustainable Development, vol. 12(6), pp. 1-17. Scott, W. R. (2004). Institutional theory in Encyclopedia of social theory, George Ritzer, ed. Thousand Oaks, CA: Sage. Pp. 408-14 Shannon, D. (2011). Political Sociology: Oppression, resistance and the state. Pine Forge Press. ISBN 9781412980401 OCLC 746832550. Van de Ven, A. (2007). Engaged Scholarship: A guide for organizational and social research. Oxford University Press.