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The importance of effect internal control on organizational performance in Nigeria
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This project work takes a look at the effect of internal control on organizational performance using a case study of AfriBank Nigeria Plc. The main purpose of this study is to examine the effect of internal control on organizational performance i.e how internal control aid organizational performance in AfriBank Nigeria Plc. The research design used during the course of this study was the descriptive survey research design in which a population of 50 staff of AfriBank Nigeria Plc were interviewed. The researcher made use of stratified sampling technique and the research instrument used during the course of this research was questionnaire. Statistical package for social sciences (SPSS) was being employed to analyze data in the form of frequency tables in knowing the effect of internal control on organizational performance. Findings reveal that the calculated t-statistics for the parameter estimates was (t 3.653), P 0.01 which is greater than tabulated t statistics (1.9960) at 0.01 level of significance. Therefore, the null hypothesis is rejected and the alternative hypothesis is accepted, that is there is a significant relationship between internal control system and the organizational performance of AfriBank Nigeria Plc.