Theories of Corruption “Public Choice- Extractive Theory” as Alternative for Combating Corruption
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Date
2020-07
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Environmental Sustainability and Green Technologies
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.
Description
Staff Publication
Keywords
Corruption,, Enforcement,, Theories,, Transparency,, Upstream Petroleum Sector