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| Effects Of Public Financial Ethics On Management Of Fund In Public Organization Prescoping Nema, Anambra State Chapter |
Nwakoby Nkiru Peace PhD, & Ihediwa Augustina Anekperechi
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Abstract:
Public organizations are today faced with numerous challenges such as illegal and unethical organizational practices in the management of funds. Most public organizations have come up with codes of ethics in dealing with ethical issues challenging them. Code of ethics is the set of moral principles used by an organization to steer the conduct of the organization, and employees in all their activities both internally and externally. This study examined the impact of public financial ethics on management of fund in public organization (a study of NEMA, Anambra State Chapter 2012-2018). The research used a quantitative method with three hypotheses. The targeted population were the eighty-seven staff of NEMA Anambra State Chapter. The study utilized structured questionnaire to generate primary data. Data were analyzed using frequency and percentage table while the hypotheses were tested with the aid of chi-square test statistics. Findings revealed that compliance to financial ethics has an effect on NEMA Anambra State Chapter, fraudulent activities such as bribery and corruption, embezzlement affect the management of funds in NEMA Anambra State Chapter and that compliance with public financial ethics and management of funds helps NEMA Anambra State Chapter in achieving set goals. Suitable policy recommendations were offered which are that, it is important for NEMA Anambra State Chapter to pay more attention on those who are involved with organizational finance in order to ensure effective financial regulation and improve on accountability for the attainment of organizational goals and financial regulation and accountability activities procedures and policies should be regularly revised to ensure that they are effective.
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