To read this content please select one of the options below:

Factor analysis of financial crime-related issues

Gabriel Babatunde Iwasokun (Federal University of Technology, Akure, Nigeria)
Richard Olufemi Akinyede (Federal University of Technology, Akure, Nigeria)
Catherine Folake Fadamiro (Federal University of Technology, Akure, Nigeria)
Oniyide Alabi Bello (Afe Babalola University, Ado-Ekiti, Nigeria)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 7 January 2019

456

Abstract

Purpose

The purpose of this paper is to propose indices that were freely considered as relevant for the analysis of financial crime-related issues in Nigeria and list them in the questionnaire that was administered across the six geo-political zones of the country to obtain relevant data that are useful for factor analysis of financial crime-related issues.

Design/methodology/approach

The research methodology involved data survey, preparation and normalization. Followed by principal component analysis-based factor analysis and then, results and interpretation.

Findings

The results of factor analysis placed high premium on government policies and regulations, responses and management, capacity building and awareness and litigation as the major issues for safe and secure financial system in Nigeria. Findings from the research also established that systemic ways of ensuring that citizens adopt technical know-how for national development rather than committing crimes should be introduced and enforced by the Nigerian government.

Originality/value

The research formulated some indices and established some models for the analysis.

Keywords

Citation

Iwasokun, G.B., Akinyede, R.O., Fadamiro, C.F. and Bello, O.A. (2019), "Factor analysis of financial crime-related issues", Journal of Financial Crime, Vol. 26 No. 1, pp. 113-130. https://doi.org/10.1108/JFC-11-2017-0120

Publisher

:

Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

Related articles