Call for Papers:Vol.11 Issue.3

Submission
Last date		 28-Jun-2025
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-11,Issue-3. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward
PaperId: :  17932
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 8 Issue 4 2022
DUI:    16.0415/IJARIIE-17932
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Dr. Okoye Victor O.Federal Polytechnic Oko, Anambra State, Nigeria
Dr. Okoye Chinasa R.Federal Polytechnic Oko, Anambra State, Nigeria
Nwisienyi Kenechukwu J.Federal Polytechnic Oko, Anambra State, Nigeria

Abstract

Finance, Social Sciences
Money Laundering, Anti-Money Laundering, Financial Crime, Economy, Corruption
Money laundering is detrimental to the economic development and governance of a developing nation like Nigeria. It is a global challenge that has impacted major national economies. Given its severity, governments have continued to adopt AML policies and strategies that would help in stamping out the menace. Nigeria has over the years enacted laws and institutionalised processes necessary for fighting corruption and money laundering. However, they have proved ineffective as the prevalence of money laundering has continued to be on the upsurge. The study attempts to identify the issues and challenges of money laundering in Nigeria using the scoping review method. The study recommends, amongst other things, that the government should step up their political will and commitment to tackle money laundering. It is also recommended that the government should replicate the strategies used by the international communities which have worked for them and adopt state-of-the-art technological innovations to help uncover the trails of the illicit funds more effectively.

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. "The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward" International Journal Of Advance Research And Innovative Ideas In Education Volume 8 Issue 4 2022 Page 1645-1653
MLA Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. "The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward." International Journal Of Advance Research And Innovative Ideas In Education 8.4(2022) : 1645-1653.
APA Dr. Okoye Victor O., Dr. Okoye Chinasa R., & Nwisienyi Kenechukwu J.. (2022). The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward. International Journal Of Advance Research And Innovative Ideas In Education, 8(4), 1645-1653.
Chicago Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. "The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward." International Journal Of Advance Research And Innovative Ideas In Education 8, no. 4 (2022) : 1645-1653.
Oxford Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. 'The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward', International Journal Of Advance Research And Innovative Ideas In Education, vol. 8, no. 4, 2022, p. 1645-1653. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/The_Menace_of_Money_Laundering_in_Nigeria__Issues__Challenges_and_Way_Forward_ijariie17932.pdf (Accessed : ).
Harvard Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. (2022) 'The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward', International Journal Of Advance Research And Innovative Ideas In Education, 8(4), pp. 1645-1653IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/The_Menace_of_Money_Laundering_in_Nigeria__Issues__Challenges_and_Way_Forward_ijariie17932.pdf (Accessed : )
IEEE Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J., "The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward," International Journal Of Advance Research And Innovative Ideas In Education, vol. 8, no. 4, pp. 1645-1653, Jul-Aug 2022. [Online]. Available: https://ijariie.com/AdminUploadPdf/The_Menace_of_Money_Laundering_in_Nigeria__Issues__Challenges_and_Way_Forward_ijariie17932.pdf [Accessed : ].
Turabian Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. "The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 8 number 4 ().
Vancouver Dr. Okoye Victor O., Dr. Okoye Chinasa R., and Nwisienyi Kenechukwu J.. The Menace of Money Laundering in Nigeria: Issues, Challenges and Way Forward. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2022 [Cited : ]; 8(4) : 1645-1653. Available from: https://ijariie.com/AdminUploadPdf/The_Menace_of_Money_Laundering_in_Nigeria__Issues__Challenges_and_Way_Forward_ijariie17932.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads



Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
Pradhan Mantri Fasal Bima Yojana in Jharkhand: A Comprehensive EvaluationSocial ScienceNIRAJ KAMAR Download
IMPACT OF PMEGP ON ENTREPRENEURIAL DEVELOPMENT OF TRIBAL BENEFICIARIES OF JHARKHANDEconomicsNiraj Kamar Download
REVIEW OF THE CONTRIBUTION OF THE MINING INDUSTRY SECTOR TO THE GROWTH AND ECONOMIC DEVELOPMENT OF MADAGASCAR.GOVERNANCE OF MININGRABENANDRASANA Clément Florent Zà Download
PUBLIC INVESTMENT STATUS: CASE STUDY OF THANH HOA PROVINCE, VIETNAMSocial scienceMinh, Nguyen Download
EVALUATING THE IMPACT OF TAX STRUCTURE ON THE REVENUES OF THE CENTRAL GOVERNMENT OF INDIAEconomicsJATTEPPA MALLAPPA Download
SOCIO-ECONOMIC IMPACT OF BERYL EXPLOITATION IN THE NORTH OF THE ANKAZOBE DISTRICT (MADAGASCAR)SocioeconomyRAKOTONIRINA Riana Herintsoa Download
IMPACT OF GLOBALIZATION ON INDIAN TRADEEconomicsProf. Jayavantha Nayak Download
A Study On Socio-Economic Condition Of Matuya Community In North 24 Pargana, West BengalEconomicsPinkan Biswas Download
The Evolution of BRICS: India's Strategic Interests and ChallengesSocial Sciences RAJNESH YADAV Download
India's Position in BRICS: Analyzing Opportunities and Addressing Challenges in a Shifting Global EnvironmentSocial Sciences RAJNESH YADAV Download
DIFFERENCES BETWEEN TRADITIONAL BUSINESS AND E-COMMERCE -A STUDYECONOMICSDr. R.G.CHIDANANDA Download
A ECONOMICAL STUDY OF POULTRY FARMING AS A ANIMAL HUSBANDRYECONOMICS Dr. R.G.CHIDANANDA Download
POVERTY AND MICROFINANCE : TOWARDS A CONTROVERSIAL APPROACH IN THE CASE OF MADAGASCAREconomicsAmour Normain RAKOTOBE Download
PANORAMA OF THE NOTION OF VALUE THROUGH A COMPARATIVE APPROACH BETWEEN ANTHROPOLOGY AND ECONOMICSEconomics, anthropologyAmour Normain RAKOTOBE Download
ADAPTATION OF MICROFINANCE INSTITUTIONS TO THE TRADITIONAL FINANCIAL CULTURE OF HOUSEHOLDS IN THE FITOVINANY REGIONEconomicsAmour Normain RAKOTOBE Download
12