Download or read book Effect of Money Laundering on Nigerian Economy written by Nestor Amahalu and published by . This book was released on 2017 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study sets out to determine the effect of money laundering (proxy by fraud) on the Nigerian economy (decomposed into gross domestic product, federal government revenue, gross fixed capital formation). Ex-post facto research design was adopted. Secondary data were used in this study from Ministry of Finance, Budget office of the Federation and Central Bank of Nigeria statistical bulletin. The Augmented Dickey-Fuller (ADF) was used to test the time series data for stationarity. The co-efficient of regression was used to determine the significance of the relationship and direction of the variables used in the study. The result revealed that money laundering has a negative significant relationship with the Nigerian economy at 5% level of significance. The study recommends that there is need to re-appraise the re-established institutions (such as economic and financial crimes commission and independent corrupt practices and other related offences commission) fighting economic crimes particularly, their statutory functions.
Download or read book The Scale and Impacts of Money Laundering written by Brigitte Unger and published by Edward Elgar Publishing. This book was released on 2007-03-27 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Money laundering is a problem of some magnitude internationally and has long term negative economic impacts. Brigitte Unger argues that today, money laundering is largely linked to fraud and that it is not only small islands and tax heavens that launder, but increasingly industrialized countries like the US, Australia the Netherlands and the UK. Well-established financial markets and growing economies with sound political and social structures attract launderers in the same way as they attract honest capital. The book gives an interdisciplinary overview of the state-of-the-art of money laundering as well as describing the legal problems of defining and fighting money laundering. It then goes on to present a number of economic models designed to measure money laundering and applies these to measuring the size of laundering in the Netherlands and Australia. The book also gives an overview of techniques and potential effects of money laundering identified and measured so far in the literature. It adds to this debate by calculating the effects of laundering on crime and economic growth. This book will be of great interest to lawyers, financial experts, economists, political scientists, as well as to government ministries, international and national organizations and central banks."--Jacket.
Download or read book Negative Effect of Money Laundering on Economic Development written by Adeosun Adesoji Julius and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book elicits information on Money Laundering; Negative Effect on economic development in Nigeria. Money laundering is significant to Nigeria Economy because of the havoc it caused in the stability of the system. People who are thwarted in attaining desired social and economic goals legally may seek to obtain them illegally. Data were gathered through the survey design using questionnaire and analyzed using the software package for social sciences (SPSS) The findings show that there was a significant relationship between the incidence of money laundering and economic development. It is a repository of understanding the elements and effects of money laundering coupled with a coherent systematization of the procedures of social science research work.
Download or read book Black Finance written by Donato Masciandaro and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Black Finance will be a valuable and accessible tool for scholars and academics, principally in economics, though also in politics and law, as well as for regulators and supervisory institutions.
Download or read book Combating Money Laundering in Nigeria written by Adewale Adegoke Alawiye-Adams and published by . This book was released on 2020 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigeria State has been an entity from inception that is endowed with multitudes of economic and growth provoking physical and natural resources with which she could have raised her head above any micro or macro-economic storms. But this nation as blessed as she is has never been seen to have maximally explored her potentials for the good of the citizenry. Scholars of repute have come out with series of research works blaming the economic woes of the nation on bad leadership, corruption, political instability occasioned by incessant military incursions, faulty economic policies just to mention but a few. In furtherance of the quest for other causes apart from the aforementioned, our research light is beamed on money laundering, identified as a phenomenon to be completely wiped out of our system to further promote economic growth and development through home grown savings and investment, job opportunities, increased fund availability for industrialization, SMEs, and considerable increase in the per capita income as a measure of improving the nation's standard of living. Thus this paper examines the various causes of money laundering in Nigeria, challenges of fighting it, its effects on the nation's economy and offers useful suggestions on how to prevent and eliminate the causes and ultimately, the effects of the bad practice.
Download or read book Combatting Money Laundering in Nigeria written by Adewale Adegoke Alawiye-Adams and published by . This book was released on 2013 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigeria State has been an entity from inception that is endowed with multitudes of economic and growth provoking physical and natural resources with which she could have raised her head above any micro or macro-economic storms. But this nation as blessed as she is has never been seen to have maximally explored her potentials for the good of the citizenry. Scholars of repute have come out with series of research works blaming the economic woes of the nation on bad leadership, corruption, political instability occasioned by incessant military incursions, faulty economic policies just to mention but a few. In furtherance of the quest for other causes apart from the aforementioned, our research light is beamed on money laundering, identified as a phenomenon to be completely wiped out of our system to further promote economic growth and development through home grown savings and investment, job opportunities, increased fund availability for industrialization, SMEs, and considerable increase in the per capita income as a measure of improving the nation's standard of living. Thus this paper examines the various causes of money laundering in Nigeria, challenges of fighting it, its effects on the nation's economy and offers useful suggestions on how to prevent and eliminate the causes and ultimately, the effects of the bad practice.
Download or read book Money Laundering and Financial Crimes in Nigeria written by A. N. Ohanyere and published by . This book was released on 2003 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ill Gotten Money and the Economy written by Stuart Yikona and published by World Bank Publications. This book was released on 2011-10-11 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many developing countries have introduced policies to tackle ill-gotten money over the past years. Perception remains that such moves were more a result of international pressure being exercised than genuine ownership of such an agenda. There is not enough analysis and literature of how an anti-financial crime framework does (or does not) contribute to the development path of developing countries or how best to use these tools in a developing country environment. This study was aimed at initially exploring the effects of ill-gotten money or proceeds of crime and anti-money laundering policies on economic development. The study focused on two developing countries: Malawi, (a low-income country) and Namibia (an upper-middle-income country). The starting point of this analysis is that anti-money laundering is essentially a tool to address criminal activities and that, as a result, understanding criminal activities and how proceeds of crime impact development. The purpose of this study was: (i) to provide an initial answer to the question if and how measures to address proceeds of crime contributes to economic development; and (ii) to develop a framework that enable governments in developing countries to analyze the main sources of ill-gotten money and its effects on the economy.
Download or read book The Impact of Forensic Accounting on the Growth and Development of the Nigerian Economy A Case Study of Nigerian Stock Exchange written by Iniubong Okon and published by GRIN Verlag. This book was released on 2023-10-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2022 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, University of Nigeria (Accounting), language: English, abstract: This study centered on the impact of forensic accounting on the growth and development of the Nigerian economy. The Nigerian stock exchange was used as a case study. The population of the study consisted of 57 people comprising the employees, registrars, stockbrokers and issuing houses of the stock exchange. The major objective of this study is to determine how much impact forensic accounting has had on the growth and development of the Nigerian economy. The research design used in this study is descriptive survey research design. The finding revealed that forensic accounting has had and will continually have a positive impact on the Nigeria economy if given the chance. Structurally, Chapter one deals with the introduction of research work. Chapter two deals with the review of related literature drawn from the textbooks, articles in newspapers and Journals. Chapter three deals with the statement of the methodology used for the research study. Chapter four deals with data presentation, analysis and its subsequent interpretation. From the research of the study, conclusions were drawn and recommendations were made. These were done in chapter five. As a result of the findings of this work, the following recommendations were made: i) There should be creation of awareness of forensic accounting in Nigeria ii) More forensic accountants should be trained iii) Forensic accountants should be sent to review the financial statements of the various ministries and parastatals in Nigeria. The results from this study will educate on the effect of accounting software on the processing and management of accounting information system.
Download or read book The Nigerian Economy and Current Economic Reforms written by Augustus N. Gbosi and published by . This book was released on 2007 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Ambition written by David Kieghe and published by New Generation Publishing. This book was released on 2016-10-13 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Ambition: Reconstructing Nigeria, leverages on the example and experience of Nigeria - a sub-Saharan African Country in West Africa - to discuss National Ambition within the context of national social and economic aspirations, and the impact of corruption on governance, development and peace. The book uses credible sources of information from secondary research to offer a reasoned perspective on core issues and contains concrete pragmatic and common-sense proposals and models that Nigeria and other developing countries especially in Africa can adapt to their environment in the short to long term to improve conditions. It addresses issues on Global Justice and the intersections with Sustainable Development Goals - the responsibility of the global community in improving collaboration and cooperation among nations; creating opportunities for local people; reducing inequality and inequity within countries; promoting greater inclusion and interconnection among diverse peoples; and investing in people to strengthen communities and individuals to fully unleashed human potential for a much better world. The book is compelling with positive, progressive and positive-sum messages. It has been written in a way that is simple to read and easy to understand for a wider audience. Sadly, many people become rich by creating problems. It should be the other way round, solving problems. Grand corruption resulting in 'state capture' increases the vulnerability of citizens and inflicts the most pain on the population. Corruption is the single most important threat to Domestic Policies in Nigeria. It distorts the evidence base and misinforms legislations, policies, regulations, programmes, projects and the activities that drive them. It compromises the impact of social interventions; confusing markets; and business environment. It weakens social, economic, political and environmental systems and leaves Nigerians and Nigeria weak. Corruption is the Master Problem, fuelled by excessive greed, patronage and loyalty networks operating at the expense of national interest. This book proposes the Triple Lock against corruption, contributing new perspectives to addressing fundamental structural deficits that provide the incentives, motivations and opportunities to express corrupt behaviour. Nigeria requires a systematic, holistic and integrated approach to radically reduce the corruption burden that drags Nigeria back. With a large population of young people and huge natural capital, Nigeria potentially has unique assets and opportunities to build a fairer and more progressive country and to tap into the hardwork, ingenuity and resilience of its diverse population. But Nigeria will have to work differently to realise THE FULL POTENTIAL for which it is capable. Working differently would mean unlocking value chains currently locked-in in all the sectors of the Nigerian economy, to improve quality and drive demand and supply of locally made goods and services; promoting enterprise; creating decent jobs; pursuing progressive taxation policies; and building a self-sustaining country that can pay its way and voice its own worldview. The possibilities are enormous, but first, Nigeria needs a smarter government and governance intelligence that knows every Nigerian to invest in them as most important assets; drive efficiency and innovation; operating transparent and accountable systems; joining up government and reducing silo-vertical working that promotes opacities; removing bottlenecks that stifle creativity and ideas to markets; reducing inequalities and inequities; ensuring social justice and solidarity; and enabling the best of Nigeria to emerge and to altogether, thrive. This is the big challenge right now, to define the future!
Download or read book The Proceedings of The 2nd National Seminar on Economic Crime written by and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Crimes and National Development written by Frank I. Asogwah and published by . This book was released on 2008 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic and Financial Crime written by Monica Violeta Achim and published by Springer. This book was released on 2021-08-30 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the widespread economic and financial crime issues of corruption, the shadow economy and money laundering. It investigates both the theoretical and practical aspects of these crimes, identifying their effects on economic, social and political life. This book presents these causes and effects with a state of the art review and with recent empirical research. It compares the international and transnational aspects of these economic and financial crimes through discussion and critical analysis. This volume will be of interest to researchers and policy makers working to study and prevent economic and financial crime, white collar crime, and organized crime.
Download or read book The Economic and Financial Crimes Commission in Nigeria written by Igbinovia, Patrick Edobor and published by Safari Books Ltd.. This book was released on 2014-07-19 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book details the historical background, legal basis and philosophy which lie behind the development of the Economic and Financial Crimes Commission in Nigeria (EFCC). It also explores in detail the present set-up and structure of the agency, its apparatus or tools for executing its operational functions, how well it executed its roles, and analyzed its constraints or problems it grappled with and how they may have impeded its roles and their ramifications for the organization and the polity.
Download or read book Corruption in the Nigerian Public Service Nipping It in the Bud written by Emmanuel Olisa Iwobi, JP. and published by Xlibris Corporation. This book was released on 2014-12-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is a modest contribution to ongoing efforts to stamp out corruption in the Nigerian public service. The book not only critically X-rays the public service, highlighting the devastating effects of sharp practices in the system, but also proffers suggestions on how to nip this cankerworm that is eating deep into the very marrow of our nation’s polity in the bud.
Download or read book Economic and Financial Review written by and published by . This book was released on 2005 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
