CHAPTER ONE
INTRODUCTION
In Nigeria, local government reform has been a continues exercise. No single regime-colonial or indigenous, civil or military, regional or state government that came to power passed without making attempt of reforming the local government system. Even though the 1976 reform has surpassed all its predecessors, it was in fact part and parcel of the continuing structural adjustment of the country’s political evolution and development. On the whole, the 1976 reform was a major departure from the previous practice of local government administration; for introduce a uniform system throughout the country.
The reform was first and foremost aimed at giving local government a definite role in the country by making it a functional thrift tier of government. The 1979 constitution indeed assumed the existence of local governments and provided adequately for its functions and powers in the second republic. Nevertheless, both it’s existence and functions were to be provided for in a law to be enacted by state government. According to section 7(1) of the 1979 constitution. Ikwo local government came into existence in the year 1979 under Enugu state before the present mother state Ebonyi state were created in 1996. Since then, they have had up to 7 chairman, 10 sole administrator and 6 care taker committee chairman, in total 23 of them among which Mr. V.E Nwoo was the first (Sept. 19979) and Hon. David Onuoha the present
1.1. BACKGROUND OF STUDY
The subject, financial accountability is vital to any organization be it profit oriented or non-profit oriented. Lack of financial accountability results in embezzlement, fraud and misappropriation of funds. The peculiar nature of Nigeria economy has made any topic in accountability, financial or otherwise worth discussing. The value our society attach to wealth, which nobody is concerned to how wealthy one is, has made many people to begin to pursue wealth.
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