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/lp/edinburgh-university-press/concealment-of-illegally-obtained-assets-in-nigeria-revisiting-the-9zi5PTAeMY
- Publisher
- Edinburgh University Press
- Copyright
- Copyright © Edinburgh University Press
- ISSN
- 0954-8890
- eISSN
- 1755-1609
- DOI
- 10.3366/ajicl.2020.0304
- Publisher site
- See Article on Publisher Site
Abstract
Financial crime in Nigeria – including money laundering – is ravaging Nigeria's economic growth. In the past few years, the Nigerian government has made efforts to tackle money laundering by enacting laws and setting up several agencies to enforce the laws. However, there are substantial loopholes in the regulatory and enforcement regimes. This article seeks to unravel the involvement of the churches as key drivers in money laundering crimes in Nigeria. It concludes that the permissive secrecy which enables churches to conceal the names of their financiers and donors breeds criminality on an unimaginable scale.
Journal
African Journal of International and Comparative Law – Edinburgh University Press
Published: Feb 1, 2020