EFFECT OF FINANCIAL CONTROL MECHANISMS ON MANAGEMENT OF FUNDS IN NATIONAL JUDICIAL COUNCIL, ABUJA.

Fraud is a very common thing in the world of this day we live in. It takes different forms in different organizations; the most common and frequent occurrences happen in public organizations/offices. This study examines effect of financial control mechanisms on management of funds in National Judicial Council (NJC). The study adopted a survey research design with the sample population of 140 staff at account department and audit in National Judicial Council, Abuja. Data were collected and analyzed using Ordinary least squares method of regression with the aid of Statistical Package for Social Sciences (SPSS) to determine and analyze the effect of anti-fraud strategies; also frequency distribution and percentages were used amongst other models. Based on the finding the study concluded that mismanagement of funds is controlled when all assets and expenditures are authorized before payments are made. It is also concluded that independence of audit reduces financial mismanagement in the National Judicial Council. Furthermore, the use of computer technology greatly helps against financial mismanagement. However, the study concludes that separation of responsibility amongst the staff of the National Judicial Council would have enhanced financial management of the National Judicial Council Abuja, Nigeria but the National Judicial Council Abuja, Nigeria has not been separating its staff such that no one person does the work alone.