The Impact of Financial Accountability on Reducing Corruption in Mogadishu Somalia

The existing financial accountability of Mogadishu-Somalia is in poor condition. Consequently, the paper intended to assess the impact of financial accountability on reducing corruption in Mogadishu Somalia as a general objective the researcher used purposive sampling techniques to choose sample in some of Somali Federal Integrity Institutions, Questionnaires and field observation were used as data collection instruments. The financial Institutions were found to have inadequate fiscal infrastructure and insufficient facilities, both petty and grand forms of corruption are prevalent in Somalia, with widespread misuse of state resources and disregard for ethical conduct by public office holders. A nepotistic job culture, poor book and record keeping and unclear internal procedures and regulations exacerbate corruption challenges and create many opportunities for misusing public resources for private gain. Unethical conducts and misuse of resources can range from unnecessary and extravagant foreign travels to Western capitals to massive mismanagement and misappropriation of state resources. Finally, the researcher forwarded the possible mechanisms in which the problems are solved. Giving awareness for the community, local resource mobilization, setting appropriate rules and regulations and working closely the local government with regional and federal government are among the possibilities that are recommended in the paper.