INFLUENCE OF TREASURY SINGLE ACCOUNT ON FINANCIAL MANAGEMENT IN FEDERAL UNIVERSITIES IN NORTH-EAST, NIGERIA
Authors:
Joseph, R. I., Adamu I., & Haruna, A.
Abstract:
The study was on the influence of treasury single account on financial management in federal universities in north-east, Nigeria. Four objectives, four research questions and four null hypotheses guided the study. The design for the study was a descriptive survey. The population of the study was 368 staff and the Total Sample Technique was employed for the study. The instrument for data collection was adapted 4-point rating scale questionnaire. The instrument was validated by experts and pilot tested with 40 staff from the university of Jos. A reliability coefficient of 0.88 was obtained. Data were collected by the researcher assisted by 3 research assistants. The data collected were coded into the Statistical Package for Social Science (SPSS, 23). The package was used to run mean scores and standard deviation to answer the research questions while the hypotheses were tested using linear regression analysis at the 0.05 level of significance. The results revealed that treasury single account has a significant influence on internally generated revenue, financial accountability; financial transparency and controlling of fraud and fraudulent practices in Federal Universities in North-East, Nigeria. It was concluded that the introduction of treasury single account will help to address the problem of mismanagement embezzlement and lack of accountability of public fund in public universities in North-east, Nigeria. It was recommended among others that the federal government should formulate appropriate sanctions to where there is any financial irregularity.