Theories of Corruption “Public Choice-Extractive Theory” as Alternative for Combating Corruption

Author:

Olujobi Olusola Joshua1,Olujobi Oluwatosin Michael2

Affiliation:

1. Covenant University, Ota, Nigeria

2. University of Lagos, Lagos, Nigeria

Abstract

Corruption is a recurrent decimal in Nigeria's upstream petroleum sector due to weak enforcement of anti-corruption and transparency laws. This sector is considered corrupt due to the rampant mismanagement of petroleum resources. The article analyses rent-seeking, public choice and extractive theories of corruption among others due to their impacts in combating corruption. It also queries other anti-corruption models that are relevant to this study to promote transparency and to strengthen national anti-corruption laws for combating corruption in the Nigeria's upstream petroleum sector. The study is a doctrinal legal research that adopts a point-by-point comparative approach with library research method. The study proposed a hybrid theory of corruption titled “Public Choice-Extractive Theory of Corruption” as an alternative perspective that will effectively combat corruption in the sector. In conclusion, the study finds that corruption strives on the weak enforcement of anti-corruption laws and lack of political will in providing effective regulatory intervention. The study recommends among other reforms, soft law approach and strict enforcement of anti-corruption laws for transparency in the upstream petroleum sector in Nigeria.

Publisher

IGI Global

Subject

General Medicine

Reference56 articles.

1. the Political Economy of Oil Price Deregulation and the Subsidy Fraud Crisis: A Study of Systematic Bureaucratic Corruption in Nigeria.;M. A.Adebisi;Journal of Energy Technologies and Policy,2015

2. Ajuzie, G. C. (2010), Bureaucratic Corruption in Public Administration: Its Effects on the Nigerian Economy. Global Academic Group. Retrieved from http://globalacademicgroup.com/journals/academic%20scholarship/bureaucratic%20corruption%20in%20public.pdf

3. Akinola, A. O. (2015). Globalization, Sustainable Democracy and Deregulation in Nigeria: A Case Study of the Downstream Oil Sector [Doctoral Dissertation]. University of KwaZulu-Natal. Retrieved from https://researchspace.ukzn.ac.za/bitstream/handle/10413/12151/akinola_adeoye_ologuntoye_2015.pdf?sequence=1&isallowed=y

4. Amundsen, I. (1999), Political Corruption: An Introduction to the Issues, Chr. Michelsen Institute Development Studies and Human Rights. Retrieved from https://www.cmi.no/publications/file/1040-political-corruption.pdf

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