The main purpose of this study is to know the
best practices and challenges of private sector in fighting
money eating. The study employed the qualitative
research method using the documentary analysis and
made use of Qualitative Analysis in determining the best
practices and challenges of the private sector.
Based on the findings, the best practices of private
sector are in two themes: Public-Private Sector
Partnership and Private Sector Self-Regulation; the
challenges of private sector are in two themes: Lack of
Cooperation and Conflict of Interest.
This implies that the private sector plays an
important role in fighting money eating and the
challenges of private sector is multifarious.Money eating
is not just a public sector matter. As a common basis of
money eating for public officials, the private sector
portions account ability for money eating. Eradicating
money eating by mounting a multi-pronged scheme
incorporating liberalization, deregulation, civil service
improvement, and institutionalization of a participating
line to shared service delivery and its monitoring.
Comprising the private sector will not only countenance
the progress of supplementary refined and sensitive
policy responses to money eating but will also put
pressure on the private sector to elevation its own
standards of deeds.
Keywords : Money Eating, Private Sector, Best Practices, Challenges