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

Ahmad Bukola Uthman (), Lukman Adebayo Oke, Mohammed Kayode Ajape, Zayyad Abdul-Baki and Murhtala Oladipupo Tijani
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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

Journal of Accounting and Management Information Systems, 2015, vol. 14, issue 1, 107-127

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.

Keywords: Financial crimes; anti-graft bureaus; opportunity theory; defiance theory; Nigeria (search for similar items in EconPapers)
JEL-codes: D04 H24 M48 (search for similar items in EconPapers)
Date: 2015
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