This study has contributed to knowledge, in the area of a lasting reform of the governance apparatus by applying an internal control system to revamp capital project management mechanism. It affords the exposure of knowledge and information to network of users such as corporate individuals, public officers and electors. Institutions like rating agencies, donor agencies, and security agencies shall benefit from this study. Credibility of evaluation is enhanced with greater independence. It provides concise empirical evidences that internal control problems have negative implications on capital project management.
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