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COMBATING PROCUREMENT FRAUD IN THE PUBLIC SECTOR
ABSTRACT
Procurement fraud remains a significant
challenge in the public sector, undermining trust, wasting resources, and
impeding national development. This study examines the various forms, causes,
and consequences of procurement fraud within public institutions, highlighting
how corruption, lack of transparency, weak regulatory frameworks, and
inadequate oversight mechanisms facilitate fraudulent activities. The paper
proposes a multifaceted approaches to combating procurement fraud, including
the adoption of e-procurement systems, enhanced audit and monitoring processes,
capacity-building for procurement officers, and the enforcement of stringent
legal penalties. Emphasis is placed on the importance of institutional
accountability, citizen engagement, and technological innovation as critical
pillars in creating a robust, transparent procurement environment. By
strengthening anti-fraud mechanisms, public sector entities can achieve greater
efficiency, reduce financial losses, and restore public confidence in
government processes. The study concluded that combating procurement fraud in
the public sector requires robust transparency, accountability, and oversight
mechanisms. One of the recommendations made was that procurement laws that
clearly define offenses and penalties for procurement fraud should be updated
and enforced.
KEYWORDS:
Procurement Fraud and Public Sector
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ISSN(Hardcopy)
2630 - 7200
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2659 - 1057
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