Money Laundering and Financial Crime in Nigeria the war of Economic and Financial Crime Commission (EFCC) and the Impact on Nigeria Financial System.

ABSTRACT

         Money laundering and financial crime in Nigeria: The war of the economy and financial crime commission and the impact on the Nigeria has through service of reformation and damaged in the economy of Nigeria. The content of this review is the effort or war fight by the economic and financial crime commission in computing money laundering and financial system.  The first chapter contains the introduction of the aspect of the study, which review the background and the objective of the study the statement, significance and scope of the study were above review which serves as the basic for the study. The second chapter reviews the relevant literature relating to various reforms in the money laundering and the financial crime and the role play by EFCC and the cause effect and the operation of the EFCC. The third chapter is the research methodology section which contain the various ways the research uses in collection data in this project. Chapter four is the section which presents and analyses the data collection through the various and mean stated in the previous chapter the researcher used the decretive method of data analyzing the data percentage and frequency are used in measuring the percentage of the respondent to arrive at the stated finding at the end of these chapter. The final chapter comprises a summary of the conclusions and recommendations.At the end of this research work, government and the society or public work would get more in sight on how money laundering and financial crime could be combated

TABLE OF CONTENT

Title page                                                                               i

Certification                                                                           ii

Dedication                                                                              iii

Acknowledgement                                                                   iv        

Abstract                                                                                v

Table of content                                                                    vi                                           CHAPTER ONE

Introduction                                                                  1

1.1     Background of the study                                               3

1.2    Statement of problem                                                   6

1.3    Objective of the study                                                  7

1.4    Scope of the study                                                        9

1.5    Significance of the study                                              9

1.6    Limitation of the study                                                  10

1.7    definition of the terms                                                  11

CHAPTER TWO

2.0       Literature review                                                          13

2.1    Concept of money laundry and financial crime and 

definition of money laundry                                           13

2.2    Relationships between money laundering and

financial crime                                                                 15

2.3    Causes of money laundering and financial crime             16

2.4    Need for eradication of money laundry and

financial crime                                                               18        

2.5       Various attempt in Nigeria to combat money

laundering and financial crime                                        21

2.6       Introduction of economy and financial

crime commission (EFCC)                                               24                                                  

2.6       Mode of operations and financial crime commission       25

2.7       The war of EFCC                                                            27        

2.8       The impact on Nigeria economy                                     32

CHAPTER THREE

3.0    Research methodology                                                   38

3.1    The study area                                                              38

3.2    Research population                                                       38

3.3    Source of data collection                                               38

3.4    Method of data analysis                                                 39

CHAPTER FOUR

4.0       Presentation of data                                                      40

4.1    analyses of data findings                                               50

CHAPTER FIV E

5.0       Summary, conclusion and recommendation                     52

5.1    Summary                                                                        52

5.2    Conclusion                                                                      53

5.3    Recommendation                                                            54

References/Bibliography                                                        56