How to cite this paper
Opudu, O & Ogoun, S. (2023). Money laundering conviction rate and capital formation in Nigeria.Accounting, 9(2), 121-130.
Refrences
Adesomoju, A. (2018). Court delivers judgment in former Taraba gov corruption case.
Ajose K., & Oyedokun G. E. (2018). Capital formation and economic growth in Nigeria. International Accounting and Taxation Research Group, Faculty of Management Sciences, University of Benin, Benin City, Nigeria. 2(2), 31 -46.
Akers, R. (2000). Criminological theories. Los Angeles: Roxbury.
Albert, A.T. & Okoli, F. C. (2016). EFCC and the politics of combating corruption in Nigeria (2003-2012). Journal of Financial Crime, 23(4), 725-747.
Aleksandre M. (2018). Money laundering and its impact on sustainable economic development: vane Javakhishvili Tbilisi State University, 26(6), 167 -199.
Alli, Y. (2018). Conviction of Nyame Dariye shows EFCC not selective. The Nation, 14 June (http://thenationonlineng.net/conviction-of-nyame-dariye-shows-efcc-not-selective/).
Amaechi, O. R. & Okechukwu I. E. (2015). Analyses of legal frameworks for fighting corruption in Nigeria: problems and challenges. Kuwait Chapter of Arabian Journal of Business and Management Review, 5(3), November.
Amahalu, N.N., Abiahu, M.F.C., Okika, E.C. & Obi, J.C. (2016). Effect of money laundering on Nigerian economy. Research Journal of Financial Sustainability Reporting, 1(2) 235 – 266.
Arowosaiye, O. (2015). The devastating impact of money laundering and other economic and financial crimes on the economy of developing countries: Nigeria as a Case Study. Retrieved from http://unilorin.edu.ng/publications/
Babatunde, I.O. & Filani, A.O. (2016). The EFCC and its role in curbing corruption in Nigeria: Evaluating the success story so far. International Journal of Law, 2(6), 14-22.
Bentham, J. (1791). Panopticon: postscript; part ii: containing a plan of management for a panopticon. Penitentiary-House. London: T. Payne. 2(1) 246 459.
Bentham, J. (1948). An introduction to the principles of morals and legislation (with an introduction by W. Harrison, Ed.). New York: Macmillan.
Bentham, J. (1995). The panopticon writings. London: Verso.
Botes, V. & Saadeh, A. (2018). Exploring evidence to develop a nomenclature for forensic accounting. Pacific Accounting Review, 30(2), 135-154.
Compin, F. (2008). The role of accounting in money laundering and money dirtying. Critical Perspectives on Accounting, 19(5), 591-602.
EFCC (2019) Annual OPERATIONAL STATISTICS report. Abuja: EFCC.
Effiom L., Achu C.A., & Edet S.E. (2019). Capital flight and domestic investment in Nigeria: evidence from ARDL methodology. International Journal of Financial Research, 11(1).
Enofe, A.O., Aliu, A.K. & Ombu A. (2018). Money laundering and the Nigerian economy. International Journal of Advanced Academic Research | Social & Management Sciences 4(4) 2488-9849
FATF. (2012). The FATF Recommendations: International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation, FATF Secretariat, France.
FATF. (2016). Mutual evaluation report: Canada. Paris: FATF. https://bit.ly/2d0pJo1.
FATF. (2019). An Effective System to Combat Money Laundering and Terrorist Financing. Paris: FATF. https://bit.ly/23u1ArQ.
Gujuratti, D. & Sangeetha, S. (2008). Basic econometrics. 4th Edition (with CD-ROM) India: Tata McGraw Hill Educational Publishers.
Idowu A., & Obasan K. (2012). Anti-money laundering policy and its effects on bank performance in Nigeria. Business Intelligence Journal, 5(2), 87 – 95.
IMF (2015). The fight against money laundering and the financing of terrorism, http://www.imf.org/external/np/exr/facts/aml.htm.
Jiang, L. Ng, J. & Wang, C. (2018). Lending corruption and bank loan contracting: cross-country evidence. 29 November, available at: https://ssrn.com/abstract=3292740, http://dx.doi.org/10.2139/ssrn.3292740.
Kumar, K., Bhattacharya, S. & Hicks, R. (2018). Employee perceptions of organization culture with respect to fraud – where to look and what to look for, Pacific Accounting Review, 30(2), 187-198.
Lehman, C. R., & Okcabol, F. (2005). Accounting for crime. Critical Perspectives on Accounting, 16, 613–639.
Lehman, G., & Thorne, K. (2015). Corruption: Criminality and the privatised state: The implications for accounting. Accounting Forum, 39, 366–370.
Malm, A. & Bichler, G. (2013). Using friends for money: the positional importance of money-launderers in organized crime, Trends in Organized Crime, 16(4), 365-381.
Malsch, B., & Gendron, Y. (2013). Re-theorizing change: Institutional experimentation and the struggle for domination in the field of public accounting. Journal of Management Studies, 50(5), 870–899.
Mekpor E.S. (2018). The determinants of anti-money laundering compliance among financial action (FATF) member states. Journal of financial regulation and compliance, 26(3).
Moyer, I. L. (2001). Criminological theory: Traditional and non-traditional voices and themes. Thousand Oaks, CA: Sage.
Nagin, D.S. (1998). Criminal deterrence research at the outset of the twenty-first century, In M. Tonry (Ed.), Crime and justice: A review of research (1-42), Chicago: University of Chicago Press.
Norton, S. D. (2018). Suspicion of money laundering reporting obligations: Auditor compliance, or sceptical failure to engage? Critical Perspectives on Accounting, 50, 56-66.
Ogbodo, U. K., & Mieseigha, E. G. (2013). The Economic Implications of Money Laundering in Nigeria. International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(4), 170-184.
Oluwadayisi, A. & Mimiko, M. (2016). Effects of money laundering on the economy of Nigeria. Beijing Law Review, 7, 158-169.
Onyema E., Pallavi R., Habeeb O, & Seye A. (2018). The Economic and Financial Crimes Commission and the politics of (in)effective implementation of Nigeria’s anti-corruption policy. SOAS Consortium. ACE-Working Paper
Ozili, P.K. (2020). Advances and issues in fraud research: a commentary. Journal of Financial Crime, 27(1) doi.org/10.2139/ssrn.3132210
Pathania, R. (2013). Linkages between export, import and capital formation in India. International Research Journal of social sciences 2(3), 16-19.
Ping, H. (2010). A typological study on money laundering. Journal of Money Laundering Control. Emerald Group Publishing Limited.
Reganati, F., & Oliva, M. (2018). Determinants of money laundering: evidence from Italian regions. Journal of Money Laundering Control, 21(3), 402-413.
Ribadu N. (2015). Nigeria: how to lose $35bn, The Guardian, available at www.theguardian.com/world/2012/nov/13/nigeriaoil-corruption-ridabu.
Ribadu, N. (2004). The role of EFCC in sanitizing the Nigeria economic environment in a democratic setting. Being a paper presented at the Adamawa State, Nigeria. Economic conference and financial exhibition, December 9-10.
Sharman, J.C. (2010). Shopping for Anonymous Shell Companies: An Audit Study of Anonymity and Crime in the International Financial System. Journal of Economic Perspectives, 24(4), 127-140.
Shuaib, I.M. & Dania E. N. (2015). Capital formation: Impact on the economic development of Nigeria 1960-2013, European Journal of business economics and accountancy 3(3) 23-40.
Silkscreen, H. (1994). Fraud: Its economic consequences, Journal of Finance and Accounting. June 5(3), 12-21.
Singer, M. (1971). The Vitality of Mythical Numbers. The Public Interest 23: 3–9. Thomson Reuters. 2018. Revealing the True Cost of Financial Crime. https://tmsnrt.rs/2DE3Ef9.
Stack, G. (2015). Money laundering in Ukraine, Journal of Money Laundering Control, 18(3) 382-394.
Stack, G. (2015). Shell companies, Latvian-type correspondent banking, money laundering and illicit financial flows from Russia and the former Soviet Union. Journal of Money Laundering Control, 18(4), 496-512.
Stafford, M.C. & Goodrum, S.D. (2001). Deterrence theory: crime. International Encyclopedia of the Social & Behavioural Sciences. www.sciencedirect.com.
Steel F. (2006). Money Laundering; Concept and trend in contemporary society. Arthill Publishers, Ikeja Lagos.
Tiweri, M., Gepp, A. & Kumar, K. (2020). A review of money laundering literature: the state of research in key areas. Pacific Accounting Review, 32(2), 271-303. https://doi.org/10.1108/PAR- 06, 2019-0065
Usifo, V. (2017). Money laundering in Nigeria- meaning, causes, History, Laws, Notable cases, Effects. Retrieved from http://infoguidenigeria.com/money laundering/.
Vold, G. B., Bernard, T. J., & Snipes, J.B. (2002). Theoretical criminology (5th ed.). Oxford, UK: Oxford University Press.
Williams, F.P., & McShane, M.D. (1999). Criminological theory. Upper Saddle River, NJ: Prentice Hall.
Wilson, J. & Herrnstein, R. (1985). Crime and human nature. New York: Simon & Schuster.
Ajose K., & Oyedokun G. E. (2018). Capital formation and economic growth in Nigeria. International Accounting and Taxation Research Group, Faculty of Management Sciences, University of Benin, Benin City, Nigeria. 2(2), 31 -46.
Akers, R. (2000). Criminological theories. Los Angeles: Roxbury.
Albert, A.T. & Okoli, F. C. (2016). EFCC and the politics of combating corruption in Nigeria (2003-2012). Journal of Financial Crime, 23(4), 725-747.
Aleksandre M. (2018). Money laundering and its impact on sustainable economic development: vane Javakhishvili Tbilisi State University, 26(6), 167 -199.
Alli, Y. (2018). Conviction of Nyame Dariye shows EFCC not selective. The Nation, 14 June (http://thenationonlineng.net/conviction-of-nyame-dariye-shows-efcc-not-selective/).
Amaechi, O. R. & Okechukwu I. E. (2015). Analyses of legal frameworks for fighting corruption in Nigeria: problems and challenges. Kuwait Chapter of Arabian Journal of Business and Management Review, 5(3), November.
Amahalu, N.N., Abiahu, M.F.C., Okika, E.C. & Obi, J.C. (2016). Effect of money laundering on Nigerian economy. Research Journal of Financial Sustainability Reporting, 1(2) 235 – 266.
Arowosaiye, O. (2015). The devastating impact of money laundering and other economic and financial crimes on the economy of developing countries: Nigeria as a Case Study. Retrieved from http://unilorin.edu.ng/publications/
Babatunde, I.O. & Filani, A.O. (2016). The EFCC and its role in curbing corruption in Nigeria: Evaluating the success story so far. International Journal of Law, 2(6), 14-22.
Bentham, J. (1791). Panopticon: postscript; part ii: containing a plan of management for a panopticon. Penitentiary-House. London: T. Payne. 2(1) 246 459.
Bentham, J. (1948). An introduction to the principles of morals and legislation (with an introduction by W. Harrison, Ed.). New York: Macmillan.
Bentham, J. (1995). The panopticon writings. London: Verso.
Botes, V. & Saadeh, A. (2018). Exploring evidence to develop a nomenclature for forensic accounting. Pacific Accounting Review, 30(2), 135-154.
Compin, F. (2008). The role of accounting in money laundering and money dirtying. Critical Perspectives on Accounting, 19(5), 591-602.
EFCC (2019) Annual OPERATIONAL STATISTICS report. Abuja: EFCC.
Effiom L., Achu C.A., & Edet S.E. (2019). Capital flight and domestic investment in Nigeria: evidence from ARDL methodology. International Journal of Financial Research, 11(1).
Enofe, A.O., Aliu, A.K. & Ombu A. (2018). Money laundering and the Nigerian economy. International Journal of Advanced Academic Research | Social & Management Sciences 4(4) 2488-9849
FATF. (2012). The FATF Recommendations: International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation, FATF Secretariat, France.
FATF. (2016). Mutual evaluation report: Canada. Paris: FATF. https://bit.ly/2d0pJo1.
FATF. (2019). An Effective System to Combat Money Laundering and Terrorist Financing. Paris: FATF. https://bit.ly/23u1ArQ.
Gujuratti, D. & Sangeetha, S. (2008). Basic econometrics. 4th Edition (with CD-ROM) India: Tata McGraw Hill Educational Publishers.
Idowu A., & Obasan K. (2012). Anti-money laundering policy and its effects on bank performance in Nigeria. Business Intelligence Journal, 5(2), 87 – 95.
IMF (2015). The fight against money laundering and the financing of terrorism, http://www.imf.org/external/np/exr/facts/aml.htm.
Jiang, L. Ng, J. & Wang, C. (2018). Lending corruption and bank loan contracting: cross-country evidence. 29 November, available at: https://ssrn.com/abstract=3292740, http://dx.doi.org/10.2139/ssrn.3292740.
Kumar, K., Bhattacharya, S. & Hicks, R. (2018). Employee perceptions of organization culture with respect to fraud – where to look and what to look for, Pacific Accounting Review, 30(2), 187-198.
Lehman, C. R., & Okcabol, F. (2005). Accounting for crime. Critical Perspectives on Accounting, 16, 613–639.
Lehman, G., & Thorne, K. (2015). Corruption: Criminality and the privatised state: The implications for accounting. Accounting Forum, 39, 366–370.
Malm, A. & Bichler, G. (2013). Using friends for money: the positional importance of money-launderers in organized crime, Trends in Organized Crime, 16(4), 365-381.
Malsch, B., & Gendron, Y. (2013). Re-theorizing change: Institutional experimentation and the struggle for domination in the field of public accounting. Journal of Management Studies, 50(5), 870–899.
Mekpor E.S. (2018). The determinants of anti-money laundering compliance among financial action (FATF) member states. Journal of financial regulation and compliance, 26(3).
Moyer, I. L. (2001). Criminological theory: Traditional and non-traditional voices and themes. Thousand Oaks, CA: Sage.
Nagin, D.S. (1998). Criminal deterrence research at the outset of the twenty-first century, In M. Tonry (Ed.), Crime and justice: A review of research (1-42), Chicago: University of Chicago Press.
Norton, S. D. (2018). Suspicion of money laundering reporting obligations: Auditor compliance, or sceptical failure to engage? Critical Perspectives on Accounting, 50, 56-66.
Ogbodo, U. K., & Mieseigha, E. G. (2013). The Economic Implications of Money Laundering in Nigeria. International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(4), 170-184.
Oluwadayisi, A. & Mimiko, M. (2016). Effects of money laundering on the economy of Nigeria. Beijing Law Review, 7, 158-169.
Onyema E., Pallavi R., Habeeb O, & Seye A. (2018). The Economic and Financial Crimes Commission and the politics of (in)effective implementation of Nigeria’s anti-corruption policy. SOAS Consortium. ACE-Working Paper
Ozili, P.K. (2020). Advances and issues in fraud research: a commentary. Journal of Financial Crime, 27(1) doi.org/10.2139/ssrn.3132210
Pathania, R. (2013). Linkages between export, import and capital formation in India. International Research Journal of social sciences 2(3), 16-19.
Ping, H. (2010). A typological study on money laundering. Journal of Money Laundering Control. Emerald Group Publishing Limited.
Reganati, F., & Oliva, M. (2018). Determinants of money laundering: evidence from Italian regions. Journal of Money Laundering Control, 21(3), 402-413.
Ribadu N. (2015). Nigeria: how to lose $35bn, The Guardian, available at www.theguardian.com/world/2012/nov/13/nigeriaoil-corruption-ridabu.
Ribadu, N. (2004). The role of EFCC in sanitizing the Nigeria economic environment in a democratic setting. Being a paper presented at the Adamawa State, Nigeria. Economic conference and financial exhibition, December 9-10.
Sharman, J.C. (2010). Shopping for Anonymous Shell Companies: An Audit Study of Anonymity and Crime in the International Financial System. Journal of Economic Perspectives, 24(4), 127-140.
Shuaib, I.M. & Dania E. N. (2015). Capital formation: Impact on the economic development of Nigeria 1960-2013, European Journal of business economics and accountancy 3(3) 23-40.
Silkscreen, H. (1994). Fraud: Its economic consequences, Journal of Finance and Accounting. June 5(3), 12-21.
Singer, M. (1971). The Vitality of Mythical Numbers. The Public Interest 23: 3–9. Thomson Reuters. 2018. Revealing the True Cost of Financial Crime. https://tmsnrt.rs/2DE3Ef9.
Stack, G. (2015). Money laundering in Ukraine, Journal of Money Laundering Control, 18(3) 382-394.
Stack, G. (2015). Shell companies, Latvian-type correspondent banking, money laundering and illicit financial flows from Russia and the former Soviet Union. Journal of Money Laundering Control, 18(4), 496-512.
Stafford, M.C. & Goodrum, S.D. (2001). Deterrence theory: crime. International Encyclopedia of the Social & Behavioural Sciences. www.sciencedirect.com.
Steel F. (2006). Money Laundering; Concept and trend in contemporary society. Arthill Publishers, Ikeja Lagos.
Tiweri, M., Gepp, A. & Kumar, K. (2020). A review of money laundering literature: the state of research in key areas. Pacific Accounting Review, 32(2), 271-303. https://doi.org/10.1108/PAR- 06, 2019-0065
Usifo, V. (2017). Money laundering in Nigeria- meaning, causes, History, Laws, Notable cases, Effects. Retrieved from http://infoguidenigeria.com/money laundering/.
Vold, G. B., Bernard, T. J., & Snipes, J.B. (2002). Theoretical criminology (5th ed.). Oxford, UK: Oxford University Press.
Williams, F.P., & McShane, M.D. (1999). Criminological theory. Upper Saddle River, NJ: Prentice Hall.
Wilson, J. & Herrnstein, R. (1985). Crime and human nature. New York: Simon & Schuster.