This work is the analysis of Nigeria’s efforts to counter terrorism and criminal financing (TCF). It shows that criminal and terrorist groups in the country fund their operations through illegal financial infrastructure embedded in the... more
This work is the analysis of Nigeria’s efforts to counter terrorism and criminal financing (TCF). It shows that criminal and terrorist groups in the country fund their operations through illegal financial infrastructure embedded in the Nigerian financial sector. To counter and deny this malign non-state actors access to funds that could be used to destabilize the state and compromise the integrity of financial institutions in the country, Nigeria deployed several strategies. By using qualitative research methodology, and historical, descriptive and narrative styles, the research discovered that Nigeria used both institutional (Economic and Financial Crimes Commission - EFCC and Nigerian Financial Intelligence Unit - NFIU) and legal-cum-financial (Terrorism Prevention Amendment Act – TPAA and Anti Money Laundering/ Combating Financing of Terrorism - AML/CFT) instruments to disrupt TCF in the country. In its conclusion, the work argues that Nigeria will have to be strategic in its response if it hopes to effectively counter TCF. This strategic response, the work discovers, will involve the extensive use of the technical and financial expertise of international anti-money laundering bodies like the EGMONT Group and Financial Action Task Force (FATF).
This study empirically analyses the impact of corruption on economic growth in Nigeria, using time series data for the period 1980-2015 analyzed through the ARDL technique. The result of the Bound test confirmed the existence of... more
This study empirically analyses the impact of corruption on economic growth in Nigeria, using time series data for the period 1980-2015 analyzed through the ARDL technique. The result of the Bound test confirmed the existence of Cointegration among the variables. The ARDL results revealed that corruption has a significant negative influence on economic growth both in the short run and long run. It was further confirmed that external debt, agricultural output, and human capital development positively impact growth while FDI and inflation rate endanger growth, in both the short and long run. The result of the interacting term revealed the damaging influence of corruption on the positive impact of human capital expenditure and external debt on economic growth. Based on the findings of the study, it is obvious that achievement of growth that is sustainable will remain elusive in a corrupt environment. The study, therefore recommends that government should strengthen the activities of t...
Le Nigeria incite l'observateur à ériger la prudence en un discours de la méthode. Au fil des décennies les diagnostics alarmistes que sa situation suscite sont devenus indissociables des envolées lyriques qui rappellent périodiquement... more
Le Nigeria incite l'observateur à ériger la prudence en un discours de la méthode. Au fil des décennies les diagnostics alarmistes que sa situation suscite sont devenus indissociables des envolées lyriques qui rappellent périodiquement l'importance des ressources énergétiques, la taille du marché ou la réussite du diaspora et d'entrepreneurs qui savent tirer parti des opportunitiés qu'offre la première économie de l'Afrique.
