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Curbing Financial Crimes with Anti-Graft Bureaus in Nigeria: The Accountants’ Perception

Author

Listed:
  • Ahmad Bukola Uthman

    (Al-Hikmah University, Ilorin, Nigeria)

  • Lukman Adebayo Oke

    (Kwara State University, Malete, Nigeria)

  • Mohammed Kayode Ajape

    (University of Lagos, Lagos, Nigeria)

  • Zayyad Abdul-Baki

    (University of Ilorin, Ilorin, Nigeria)

  • Murhtala Oladipupo Tijani

    (Al-Hikmah University, Ilorin, Nigeria)

Abstract

Corruption, be it financial or non-financial is a global cankerworm that has eaten deep into the fabrics of many nations and war against it has been a recurring decimal in every economy. In Nigeria, recent attempts at nipping corruption in the bud gave rise to some anti-graft agencies such as the Economic and Financial Crimes Commission (EFCC). Against this background, opinion of 140 accountants in various capacities was sought on the efficacy of the anti-graft agencies in curbing financial crimes through a survey questionnaire. The study found that respondents group perceived the anti-graft agencies as highly effective but could not establish that accountants in various walks of life differ significantly in their perception of the efficacy of the Nigerian Anti-graft bureaus (Overall Mean= 2.98, F= 2.263 and P>0.05) using ANOVA as statistical analysis tool. It was recommended that Nigerian government should strengthen the Anti-financial crimes agencies given that the influence of highly placed offenders, the dignity, societal bondage and shame inherent in financial crimes may affect the potency of anti-financial crimes measures put in place.

Suggested Citation

  • Ahmad Bukola Uthman & Lukman Adebayo Oke & Mohammed Kayode Ajape & Zayyad Abdul-Baki & Murhtala Oladipupo Tijani, 2015. "Curbing Financial Crimes with Anti-Graft Bureaus in Nigeria: The Accountants’ Perception," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 14(1), pages 107-127, March.
    • Handle: RePEc:ami:journl:v:14:y:2015:i:1:p:107-127
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    Cited by:

    1. Adeniyi, D.S., 2022. "Corruption in the Nigerian Public Sector," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(7), pages 632-636, July.

    More about this item

    Keywords

    Financial crimes; anti-graft bureaus; opportunity theory; defiance theory; Nigeria;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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