International records / OpenAlex research

Combating Money Laundering in Nigeria: An Appraisal of the Money Laundering Prohibition Act 2004

One of the most pervasive economic crimes in Nigeria today is Money Laundering. Although relatively unknown in the country until the late 1980s, it is now a veritable companion of the corruption virus which has permeated every segment of the Nigerian society. By its very nature, money laundering is an offence that necessarily involves several persons and entities in its conception, planning, and execution.1 It has the capacity to distort and corrupt the economic system and inhibit the economic development efforts of states.2 It is in recognition of its adverse consequences on the national and …