IMPACTS OF INTERNAL CONTROL ON FINANCIAL PERFORMANCE ON NIGERIAN AIRLINE INDUSTRY (A CASE STUDY OF AIRLINE IN ILORIN, KWARA STATE)

The research work examined the impacts of internal control on financial performance in Nigeria airline industry. Airline was chosen due to the important role they play in increasing the level of fiscal activity. The aim and target of his research is to resolve whether internal control and its machineries has effect on the financial performance of Nigerian Airline Industry in checking fraud and fraudulent activities in the industry. The project was carried out by reviewing relevant journals, textbooks and literature on the topic. Questionnaires were used to elicit information. A total of 50 copies were distributed to individuals at the airports visited. The data gathered were analyzed using SPSS (Statistical Package for Sciences) to generate frequency percentages and also run the chi-square tests. The results of the empirical findings showed that internal control and its machineries has significant impacts on financial performance in airline industry. It is recommend that internal control should be undertaken with effective continuous monitoring of the controls and airline should be stricter with compliance to control procedure.