...Abdulrasheed Bawa Purpose This paper aims to explain why the implementation of Financial Action Task Force ( FATF ) anti-money laundering ( AML ) and counter-financing of terrorism ( CFT ) standards vary significantly across sectors within the same national jurisdiction. Using Nigeria as a case...

...Joseph David; Awadh Ahmed Mohammed Gamal; Mohd Asri Mohd Noor; Zainizam Zakariya Purpose Despite the huge financial resources associated with oil, Nigeria has consistently recorded poor growth performance. Therefore, this study aims to examine how corruption and oil rent influence Nigeria’s...

...Kolawole Ebire; Patrick Olasehinde Daniels This study reviews the roles of anti-graft agencies in combating IFFs in Nigeria. Specifically, this study explores the roles of EFCC and ICPC in combating IFFs. This study concludes that in spite of the effort made by Nigeria’s anti-graft...

... Kong, China and Nigeria was conducted, with lessons learned for Nigeria’s anti-money laundering and anti-terrorism financing laws. According to the findings, the Act is silent on the criminal use of legitimate earnings to fund terrorism and cultism. There is no well-defined legal framework...

...Mathew Ekundayo Rotimi; Ojo Joseph IseOlorunkanmi; Gift Grace Rotimi; Mishelle Doorasamy Purpose The purpose of this study is to empirically examine how corruption impacts economic output growth in Nigeria. This is because of the recent trend in the level of corruption. Design/methodology...

... of the suspect but on the property. This is distinct or separate from the person. It is based on the provision of the statute that imposed pecuniary penalties or forfeiture of the asset derived from crime, but this approach is presently absent in Nigeria (Ayoade, 2015). Globally, confiscation of profits from...

... that regulate the activities of financial institutions, namely, Central Bank of Nigeria, Securities and Exchange Commission and Nigerian Insurance Commission; The Bureau for Money Laundering Control which supervises – designated non-financial institutions and businesses; the Attorney General of the Federation...

...$3.5tn annually and this translates to 5% gross domestic product globally while the oil sector alone accounts for 65% of these revenues; developing countries generate US$1tn but most of it is lost to illicit flows. In Nigeria, oil revenues were estimated to be US$41bn as of 2013 (Sayne et al...

...Vasudev Das Purpose The purpose of this study is to explore legislative kleptocracy, specifically, budget padding, in Nigeria’s budding democracy, using systems thinking approach for a positive social change. Nigeria’s legislature is not free from the problem of kleptocracy inasmuch as some...

...Professor Bill Tupman, Dr. Yuliya Zabyelina; Anna Markovska; Nya Adams Purpose – This paper aims to discuss political corruption in Nigeria and to assess the limitation of the immunity clause of the Nigerian constitution. This is particularly important in light of the recent developments...

... in the Constitution of Nigeria, and other statutes directed at curbing official corruption, and then undertakes an assessment of their impact in the fight against corruption. The assessment is drawn from the direct pronouncements and actions of the highest political figures in Nigeria since return to civilian rule...

... the immense scale, concise effect and impact of the phenomenon of money laundering that hinders economic and political growth in developing countries in contrast to the developed countries. The paper also intends to examine the above issues in the context of Nigeria as a developing country. Design...

... in money laundering activities. Olatunde Julius Otusanya can be contacted at: jotusanya@unilag.edu.ng © Emerald Group Publishing Limited 2012 Nigeria Money laundering Developing countries Globalization Offshore financial centre Elite Money laundering is not just synonymous...

.... The purpose of this paper is to examine some predatory activities of financial intermediaries in facilitating money laundering practices in Nigeria. Design/methodology/approach The paper locates the role of financial intermediaries within the sociological theory of profession to argue...

... as a regulatory institution to conceive a proactive broad‐based approach to fight piracy through the strategic action plan against piracy (STRAP) initiative. The STRAP initiative of the Commission introduced in 2005, represents Nigeria's national policy to combat piracy in the copyright‐based industries...

... is on financial institutions in Nigeria. The paper proffers practical recommendations towards greater effectiveness of Nigeria's anti‐money laundering (AML) and counter terrorist‐financing regimes. Design/methodology/approach The paper explores Nigerian legislation on money laundering, terrorism, and related...

...Ige Omotayo Bolodeoku Purpose The purpose of this paper is to examine the implications which the recent Federal Inland Revenue Service (Establishment) Act (FIRS Act), 2007 have for the ongoing war against corruption in Nigeria. Design/methodology/approach The paper examines the relevant...

...Nlerum S. Okogbule Purpose The purpose of this paper is to examine the regulatory mechanisms adopted by two African countries, Nigeria and Zambia, in dealing with money laundering in their countries and to suggest ways of enhancing the effectiveness of these mechanisms to serve as veritable models...

...Andrew I. Chukwuemerie Purpose To show that the new Money Laundering Act 2004 is tougher on criminals than previous legislation in Nigeria. Design/methodology/approach Examines the Act in detail. Findings Despite its new toughness, the Act still needs further enhancements in order...

...Oluseye Foluso Arowolo Purpose To demonstrate how the Independent Corrupt Practices Commission (ICPC) can sustain relevance in the bid to check corruption despite the encroaching regulatory intervention of the Economics and Financial Crimes Commission (EFCC) in Nigeria. Design/methodology...