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The Nigerian banking sector has its shortfalls traceable majorly on capital inadequacy, huge non-performing loans, lack of transparency, and disheveled internal control strategies. This study is hinged on providing empirically findings on internal control strategies influence on listed commercial banks financial performance in Nigeria within 2000-2018 respectively. Secondary data sourced were analyzed through the error correction mechanism (ECM) for identified long-run co-integrating relationship that exists among variables, and t-statistics output were employed to test formulated hypotheses in the study. The empirical results of study shows that profitability with security of funds control strategies have a non-linear significant influence on financial performance of listed commercial banks in Nigeria, while effectiveness and efficiency control strategy has a linear significant influence on listed commercial banks financial performance in Nigeria for the period under study. The study further drew conclusion premised on empirical findings that internal control strategies are of necessity to corporate financial performance (listed commercial banks in Nigeria) in upholding the going concern concept and recommend to its management to periodically review internal control strategies standard and employ modern sophisticated measures specifically on effectiveness and efficiency control strategy due to its linear significant influence on financial performance of listed commercial banks in Nigeria for the period under study. BACKGROUND TO THE STUDYInternal control strategy has gain more attention in the wide spectrum of corporate finance specifically the banking sector whose business environment is attributed with enormous risks that must be checked and prevented for optimal performance. The increasing dynamics of global markets and the need for improve returns on investment has spur management of corporate organizations to foster internal control strategies as a routine prescription for competitiveness (Rittenberg & Schwieger, 2005).Management over time argued the reason for projecting internal control strategies to be employed to get rid of fraud cases within. It is an internal aspect that is adapting simultaneously to the challenges confronting current banking industry (Wielstra, 2014). This in particular relevant for banks as unchecked internal control system stands a chance of banks performing poorly (Etuk, 2011).

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