Research Article

Financial Crimes and Financial Inclusion: The Role of Institutional Governance Quality

Mohammed Aminu Bello1*, Kabiru Umar2, Muhammad Sani Gawuna3
1 Department of Business Administration and Entrepreneurship, Bayero University Kano
2 Department of Economics and Management Science, Nigeria Police Academy, Wudil
3 Department of Economics and Management Sciences Nigeria Police Academy, Wudil, Kano State, Nigeria
* Corresponding author: mabello.bus@buk.edu.ng
Published: Sep, 2023
DOI: 10.67894/bbr.2023.oql9d18o
Pages: 284-294
Views: 12
Downloads: 5

Abstract

Policy makers have appreciated pivotal role of financial inclusion in improving social cohesion and poverty alleviation. Thus, policies are evolved to advance frontiers of financial inclusion but the increasing level of global financial crimes seems to be impending tides of progress. This study used panel data to investigate the effect of institutional factors on dynamic and causal relationship between financial crime and financial inclusion. The study found evidence of causality between financial crime and financial inclusion. It was also established that institutional factors have significant effect on the relationship between financial crime and financial inclusion. Thus, this study recommends that financial regulators should continue to strengthen their economies anti-money laundering and corruption fighting strategies by way of strengthening enforcement of existing legal frameworks, and also exploring international collaborations. 

Keywords

Crimes Financial Inclusion Institutional

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How to Cite

Bello, M. A., Umar, K., & Gawuna, M. S. (2023). Financial Crimes and Financial Inclusion: The Role of Institutional Governance Quality. Bayero Business Review, 7(1), 284-294. https://doi.org/10.67894/bbr.2023.oql9d18o

M. A. Bello, K. Umar, and M. S. Gawuna, "Financial Crimes and Financial Inclusion: The Role of Institutional Governance Quality," Bayero Business Review, vol. 7, no. 1, pp. 284-294, September 2023. doi: 10.67894/bbr.2023.oql9d18o

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