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ABSTRACT
Severally, the Nigerian educational sector has experienced gaps within its system one of which is due to poor internal controls in place. Lack of effective control has led to varying struggles in the aspects of unqualified teaching staff, ineffective learning by students, and mismanagement of funds and the likes. This study takes a glance at the tertiary educational system in Nigeria, current internal control framework used in tertiary institutions, problems caused by poor internal control system, the way forward and ensuring a continuous improvement in the Nigerian educational sector. Secondary data collection was adopted and used to gather information in this arena. The study guarantees that adoption of an effective internal control system in Nigerian tertiary institutions serves as a means of improving the quality of education in Nigeria. It also enlightens staff in Nigerian tertiary institutions of the major roles played in implementation of an effective internal control system.
KEYWORDS: Nigerian Educational System, Tertiary Education, Internal Control, Continuous Improvement
1.0 INTRODUCTION
The internal control system in Nigeria is not without imperfections (Habib, 2011). The increasing number of well recognized tertiary institutions that has been established over the years has increased up till date with little improvements in their internal control systems. Adetunji (2014) conveyed that the outcome is lack of single set of control policies and procedures which will reduce the possibility of advancing quality management of tertiary institutions in Nigeria. He further argued that tertiary institutions or universities-most especially privately managed-use policies designed by their owners and the government while public only use those by the government authorities. Moreover, it has been confirmed that stakeholders-that is, those affected by the activities of organizations-will be puzzled regarding what is meant to be adopted in determining the economic health and wealth of tertiary institutions. Some stakeholders such as investors will want to be kept in the known as to what return their initial investments have brought in and will be curious to know the benchmark used in measuring credibility of institutions. Students prefer to attend credible universities which they want to boast with in the future amongst peers. Employees want to be guaranteed that there is job security and their monetary pay will not be tampered with. These events will be unattainable if...