IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Churches And Private Educational Institutions As Facilitator Of Money Laundering: The Case Of Nigeria

Listed author(s):
  • Kato Gogo KINGSTON

    (University of East London, School of Law, England)

Registered author(s):

    There is worldwide concern over the ways in which criminally acquired assets are being concealed, transferred and preserved. Many countries including Nigeria have enacted laws against money laundering; drugs trafficking; and, corruption. The study investigates the association of money laundering through the private schools and churches; and, four independent variables namely: Laws and Regulations, enforcement efficiency, banking compliance and corruption. The multiple regression models of Aldrich (2005), and Fisher (1922) are employed to investigate the association of the variables. The study hypothesize that money laundering in Nigeria is enhanced by the proliferation of churches and private educational institutions by which finances are largely unchecked by the authorities to such degree that defective banking regulations; lack of government control of the funds of private schools and faith groups; inadequate enforceability of anti–money laundering laws; and, corruption are the propelling factors. The study suggests that private schools and churches in Nigeria are facilitating money laundering, corruption and organised crimes. It finds that there are serious loopholes in Nigeria's money laundering laws which enable criminal assets to be preserved and protected under the auspices of schools and church assets. The study concludes that there is urgent need for the overhaul of the national criminal laws and the regulation of the assets of private schools and churches in such ways that can deprive the criminal concealment of illegally acquired assets.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by ASERS Publishing in its journal Journal of Advanced Research in Law and Economics.

    Volume (Year): II (2011)
    Issue (Month): 2 (December)
    Pages: 136-142

    in new window

    Handle: RePEc:srs:jarle1:5:v:2:y:2011:i:2:p:136-142
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:srs:jarle1:5:v:2:y:2011:i:2:p:136-142. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Madalina Constantinescu)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.