Assessing the effect of information analysis on the containment of financial crimes in Nigeria
DOI:
https://doi.org/10.33003/fujafr-2026.v4i1.287.70-79Keywords:
Information analysis, Containment, Financial crimes, Money laundering, Terrorism financingAbstract
Purpose: This paper assesses the effect of Information Analysis (IA) on the containment of financial crimes in Nigeria.
Methodology: Cross sectional research design was used to examine the relationship between the variables of the study. A total of 454 structured questionnaires were administered to staff of compliance departments in CBN, DMBS, EFCC and NFIU. Data collected was subjected to various diagnostic tests such as normality, reliability and validity using IBM-SPSS V.26 software. Correlation and multiple linear regressions analyses were employed for the analysis of data.
Results and conclusion: The study found that IA significantly affects the containment of financial crimes in Nigeria. The result for multiple regression analysis indicates that IA is a significant variable in influencing the containment of financial crimes in Nigeria.
Implication of findings: The study recommends that Reporting Entities (Res) and Law Enforcement Agencies (LEAs) should ensure that they comply with IA to effectively and efficiently contain FCs in Nigeria.
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