CHURCHES AND PRIVATE EDUCATIONAL INSTITUTIONS AS FACILITATOR OF MONEY LAUNDERING THE CASE OF NIGERIA

Kato Kingston ()
Additional contact information
Kato Kingston: University of East London School of Law England, Postal: GB

Journal of Advanced Research in Law and Economics, 2011, vol. 2, issue 4, 136-142

Abstract: 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

Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:srs:jarle0:v:2:y:2011:i:4:p:136-142

Access Statistics for this article

Journal of Advanced Research in Law and Economics is currently edited by Madalina Constantinescu

More articles in Journal of Advanced Research in Law and Economics from ASERS Publishing
Bibliographic data for series maintained by Claudiu Popirlan ( this e-mail address is bad, please contact ).