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The World Bank Country Director in Nigeria has said that Nigeria's audit system has so many weaknesses that it can encourage corruption and financial mismanagement. He pointed out that there is a need to re-draft the country's audit laws, which were made in 1966.

Nigeria’s Joint Admissions and Matriculation Board, or JAMB, is the latest agency to come under the spotlight in what is a national crusade to get rid of corruption in higher education. Past registrars of the agency, which is mandated to hold entrance examinations for all students into tertiary institutions, have been asked to give an account of their stewardship and how they managed the agency’s finances. The probe comes in the wake of revelations that JAMB has managed to remit to the Central Bank of Nigeria an impressive total of US$14 million – the highest annual remittance in the last 40 years.