ABSTRACT
One of the major problems affecting Nigeria today is corruption. The plague of corruption is so serious that it has affected the development and productivity of both the public and private sectors of the nation. Transparency International recent survey ranked Nigeria as the second most corrupt nation after Russia on earth. Further the Work Bank's Multilateral Investment Guarantee Agency (MIGA) reveals that private savings held by Nigerians outside Africa amounted to US$15 billion (Edoho, 2001). Another interesting aspect of the corruption practice in Nigeria is that all those who are considered millionaires in the nation are former military generals, senior police officers, and former military administrators to states, former state governors, former ministers and state commissioners. It is now a common knowledge that the bulk of Nigeria's hard currencies are lying in private accounts in London, New York, Paris, Zurich, Germany, Geneva and so on. The unaccountable wealth owned by this profile of former senior public administrators reveals that corruption stems from the managerial ineptitude, myopia, and the sheer lack of sustainable directive capacity by the leaders of Nigeria. Agbese (1992) contends that many public administrators see their position as an opportunity or obligation for self and interest group enrichment rather than as a position of public trust.
