EFFECT OF TREASURY SINGLE ACCOUNT ON PUBLIC SECTOR FINANCIAL MANAGEMENT: A CASE STUDY OF BURSARYAND AUDIT DEPARTMENT OF UNIVERSITY OF BENIN, BENIN CITY.

ABSTRACT

 This study examined the Effect of Treasury Single Account on Public sector financial management: A Case Study of Bursary and Audit Department of University of Benin, Benin City, Edo State. The broad objective was to investigate the effect of Treasury Single Account on Public Sector in Nigeria. The study adopted survey research design.  The sample size was derived using the Taro-Yemeni’s formula. The Frequency tables and percentages were adopted to analyze the demographic characteristics of the respondents and leading research questions while the regression analysis was adopted to test the hypotheses of the study. The findings revealed that Public Sector Accountability, Public Sector Transparency, Corruption and Fraudulent Practices were statistically significant to Treasury Single Account, in the University of Benin, Benin City, Edo State. Only Revenue Leakage in the public sector was uncovered to be statistically insignificant. Hence, it is recommended that the adoption of TSA alone may not be sufficient to curb financial leakages and corrupt practices in the Nigerian public sector hence the need for strengthening the internal control mechanisms and governance practices, as well as strengthening the judiciary, anti-graft agencies and the media in the country to prevent the issues of financial leakages, corruption and fraudulent practices by public officials.