INDEPENDENT JOURNAL OF MANAGEMENT & PRODUCTION (IJM&P) http://www.ijmp.jor.br v. 9, n. 1, January - March 2018 ISSN: 2236-269X DOI: 10.14807/ijmp.v9i1.547 MANAGEMENT IMPERATIVES OF CORRUPTION AND GOVERNANCE FAILURES IN NIGERIA John N.N. Ugoani, PhD College of Management and Social Sciences, Nigeria Email:
[email protected] Submission: 04/10/2016 Revision: 30/12/2016 Accept: 22/07/2017 ABSTRACT Mismanagement and corruption negatively affect the society and lead to poor service delivery, poverty and governance failures. Nigeria has a long history of deceitful leadership and governance deeply rooted in corruption. This entrenchment of corruption has made it difficult for the nation to divorce itself from the problems of governance failures. Some public officers dish out public funds with reckless abandon, in the manner that debases democracy and the principles of good governance. Despite President Obasanjo’s personal commitment to fight corruption during his tenure the epidemic remains in Nigeria. In Nigeria about 70 percent of past administrations are perceived as corrupt and about 70 percent of the citizens are poor. The government need to muster the political will to recover all stolen public funds because no governor, no deputy governor, no president, no vice president no chairman, no vice chairman is immune from criminal investigation, and section 308 of the constitution might not mean so. Exploratory research design was used for the study. Data were analyzed through descriptive statistical method, and it was found that corruption contributes to governance failures in Nigeria. Keywords: Mismanagement, Corruption, Plutocrats, Paupers, Middle class, Militancy, Poverty, Governance, Leadership, Doctrine of necessity, Yam and goat mentality.