Treasury Looting and Carting Away of Government Property by State Governors in South Western, Nigeria

Abstract

This study discussed the factors that are responsible for treasury looting and carting away of government property by state Governors in South western, Nigeria. It also examined the methods and dangers of the menaces. The study used Rational Behaviour Theory as theoretical framework and thirty purposively selected respondents, with five from each of the six states. We purposively picked the sample for in-depth interviews because they had occupied or occupying critical political positions in their states. Secondary data used are books, journals, government official documents and Nigerian dallies. Data were content analysed. The study found that greediness, political bitterness, and not poverty or poor political culture is responsible for the menaces. Contract awards and inflation, travels, and appointments are some methods used while stealing of government assets cripples good governance, results in indebtedness, poverty, mass suffering, and gloomy democracy. The study suggests legislations for hurried appointments, projects, auction of property, and inauguration of assets management and forfeiture commission to combat the menaces. 

Received: 19 April 2024 / Accepted: 19 June 2024 / Published: 8 July 2024