Journal of Theoretical and Applied Economics


Assessing Knowledge of, and Predisposing Factors Towards Money Laundering in Nigeria: a Study of Bank Staff

Research Article of Journal of Theoretical and Applied Economics Assessing Knowledge of, and Predisposing Factors Towards Money Laundering in Nigeria: a Study of Bank Staff Solomon Ojo Department of Human Resource Development, Osun State University, Osogbo, Okuku Campus, Osun State, Nigeria. This study was meant to investigate knowledge of money laundering and predisposing factors towards money laundering among bank staff (i.e. bank executives and other bank staff). The study was a survey, which utilized structured questionnaire format for data collection. A total number of 1,032 bank staff were randomly selected for the study, in which 601(58.2%) were males while 431(41.8%) were females (Mean age=36.59yrs (SD=11.85). The study participants comprised 467 bank executives and other 565 category of bank staff. Data collected for the study were analyzed by both the Descriptive and Inferential statistics. The results revealed that more of the study participants were knowledgeable of the criminal characteristics of money laundering. Also, the results showed that more of the study participants were more knowledgeable of the contributory factors towards money laundering .The results revealed further that bank executives reported more of knowledge of drug trafficking as a predisposing factors towards money laundering than other bank staff (t (1032) =2.14, p<.05); other bank staff reported more knowledge of prostitution ring as a predisposing factors towards money laundering than bank executives (t (1032) =-6.24, p<.05). The results showed also that other bank staff reported more knowledge of embezzlement as a predisposing factor towards money laundering than bank executives (t(1032)=-2.19,p<.05).However, the results revealed that bank executives and other bank staff were not significantly different on knowledge of predisposing factors towards money laundering in terms of insider trading((t (1032) = .57,p>.05) ,and bribery(t (1032) =.80, p>.05) respectively. The results were discussed adequately and it was hence recommended that more enlightenment programs should be put ...

Dr. Zinchenko Viktor Viktorovich

Principal research scientist of the Institute of Higher Education of the National Academy of Pedagogical Sciences of Ukraine; Professor of the department of management and innovative technologies of social and cultural activities of the National Pedagogical Dragomanov University; Head of the Department of Management of the Ukrainian Institute of Arts and Sciences;

Dr Ahmed S. Abou-Zaid
Associate Professor of Economics, Department of Economics, Eastern Illinois University, Charleston, IL 61920

Dr. Shankar T Battase
Assistant Professor and Head, Dept. of Commerce and Management, Govt. First Grade College Sindagi (Affiliated to Rani Channamma University)

Dr. NEAMŢU ADINA CLAUDIA
Full professor, University “Constantin Brancusi” Targu-Jiu, Republicii Street, NO.1, JUD. GORJ

Dr. Gapsalamov Almaz Rafisovich
PhD in Economics, the head of department of economics and management, Kazan Federal University, Elabuga Institute of Kazan Federal University.

Dr. Alireza Miremadi

Dean & Assistant Marketing Professor, Graduate School of Management and Economics, Sharif University of Technology-International Campus

Dr Ambreesh Singh Yadav
Scientific Officer, U.P. Council of Agricultural Research, Lucknow, U.P., India

Dr. Faris Alshubiri
Associate Professor /Finance, Dhofar University

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1.Yongying Liu. Research on Development Status of China’s Consumer Finance Companies.Journal of Theoretical and Applied Economics, 2018, 2: 2. DOI:10.28933/jtae-2018-03-2801 
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Journal of Theoretical and applied Economics

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