A survey on financial crimes and sustainable development goals (SDGs) in Africa

Many provisions were created to accelerate the economic growth and development of its member nations in light of the advocacy to create sustainable futures that is incorporated in the United Nations Sustainable Development Goals (SDGs) implemented in 2016 (UN, 2016; Arthur et al., 2024). Based on these objectives and guidelines, Arthur et al. (2024) have evaluated the capacity and potential of the African continent to achieve these goals, with a particular focus on SDG No. 16, which aims to advance peace, justice, and the development of robust institutions. Since the SDGs are to achieved, economic development—and particularly the capacity to mobilize resources at the macro and micro levels to support and accelerate the rise of a nation’s GDP—has become the primary concern of all governments (Asongu, 2016). All citizens, institutions, and businesses operating within the nation’s business spectrum must work together to effectively utilize and collate resources, including finance, human capital, and natural resources, in order to accelerate growth and stabilize the economy (Gylfason and Zoega, 2006; Liu et al., 2013; Asongu and Nwachukwu, 2016; Pazi et al., 2020; Arthur et al., 2024).