IDEAS home Printed from https://ideas.repec.org/a/aza/jfc000/y2020v4i1p76-82.html
   My bibliography  Save this article

Anti-bribery and corruption compliance in Nigeria

Author

Listed:
  • Mbadugha, Austin

    (Partner, NICCOM, Nigeria)

Abstract

Compliance has received increased attention since the late 1990s. Countries have either enacted new and stronger laws and/or increased enforcement of existing laws to address specific areas, especially in the areas of bribery and corruption, money laundering, labour and data privacy. As will be seen, the laws of certain countries have extraterritorial impact, and are able to sanction crimes committed outside the shores of such countries. What is the status of the law in Nigeria in relation to anti-bribery and corruption (ABAC)? This paper seeks to offer a broad definition as to the meaning of bribery and corruption, as well as highlight the regulatory framework for ABAC compliance in Nigeria. It also provides guidance for businesses in Nigeria as to the leading practices to prevent, detect and respond to incidences of bribery and corruption.

Suggested Citation

  • Mbadugha, Austin, 2020. "Anti-bribery and corruption compliance in Nigeria," Journal of Financial Compliance, Henry Stewart Publications, vol. 4(1), pages 76-82, September.
    • Handle: RePEc:aza:jfc000:y:2020:v:4:i:1:p:76-82
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/5904/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/5904/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    anti-bribery and corruption; compliance; adequate procedures; failure to prevent bribery; FCPA; UKBA; official bribery;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K2 - Law and Economics - - Regulation and Business Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jfc000:y:2020:v:4:i:1:p:76-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.