CORRUPTION IN THE OIL AND GAS INDUSTRY: IMPLICATION FOR ECONOMIC GROWTH

  • P.A. Donwa Department of Accounting, Faculty of Management Sciences University of Benin, Nigeria
  • C.O. Mgbame Department of Accounting, Faculty of Management Sciences University of Benin, Nigeria
  • O.M. Julius Department of Accounting, Faculty of Management Sciences University of Benin, Nigeria

Abstract

The paper examines corruption in oil and gas industry as implication for economic growth. Library research method was adopted for this study. The finding of the study is that the level of corruption in Nigeria has significant impact on economy growth. The implication of this finding is that economy cannot grow fast without zero tolerance in corruption. The study concluded that despite efforts of ICPC and EFCC corruption still remain problem to Nigeria economy. The study recommends that all the public loots should be thoroughly investigated and offenders once found guilt should e prosecuted and the loots taken back on the value of what has been stolen.

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Published
2015-08-30
How to Cite
Donwa, P., Mgbame, C., & Julius, O. (2015). CORRUPTION IN THE OIL AND GAS INDUSTRY: IMPLICATION FOR ECONOMIC GROWTH. European Scientific Journal, ESJ, 11(22). Retrieved from https://eujournal.org/index.php/esj/article/view/6055