THE EFFECT OF FINANCIAL CRIME ON THE GROWTH OF SMALL/MEDIUM SCALE BUSINESSES
2,507 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
THE EFFECT OF FINANCIAL CRIME ON THE GROWTH OF SMALL/MEDIUM SCALE BUSINESSES
THE EFFECT OF FINANCIAL CRIME ON THE GROWTH OF SMALL/MEDIUM SCALE BUSINESSES CHAPTER ONE
1.1
INTRODUCTION
Financial crimes have been the order of the day for quite a
long time especially in our society today. This phenomenon ranges from various
dimensions, such as Bank fraud, embezzlement of public funds, money laundering,
credit cards fraud etc. It can be described as a conscious premeditated action
of a person or group of persons with the intention of altering the truth, or
facts for selfish personal monetary gain.
This has been a general decease in the whole wide world and
the Nigerian society has not seen spared either.
The powerful effect of crimes has on the global market has
now become a source of great concern to future reasoning stakeholders
profitable firms are closing businesses and innocent members of the society not
guilty of a financial crime are groan with pain under the weight of a heavy
debt burden and a not hopeful future.
Surprisingly, after the attack in the United States trading
centre on September 11, several financial irregularities were uncovered in some
major business empires with devastating effects on the global financial market
or businesses.
Agbuba and Egbunike (2003:14) “At the sixth regional
workshop on money laundry and financial crimes organized by West African
Institute for Financial and Economic Management (WAIFEM) in Lagos, its Director
General Chris Itsedo disclosed that an estimated $10 billion (N1.28 trillion)
was lost yearly in the ECOWAS sub region through money laundering activities
lone.
In the same vain the newly introduced ATM card is not
helping situation is easily accessible to these advance fraudsters. Due to no
adequate security measure which wrongly place in the system.
It is becoming very clear that financial crimes exist in our
society. If not worse, it is saddening to learn that various forms of crimes or
criminalities have eaten so deep into the structure of our financial
institutions. This singular activities has caused a great damage in our Economy
such as loss of jobs, loss of investors, loss of confidence in the financial
institutions, youth no longer interested in learning or reading due to they are
thinking on how to defraud and become rich over night such as some youth in Edo
State today that took over leadership from elders of their time and engage on
selling lands and buying cars forgetting the future of the yet on born child.
These now serve as means of escape of huge sums of money from our developing
economy etc.
To eradicate this phenomenon becomes difficult due to top
government functionaries and unscrupulous politi9cians and other high place
individuals citizens both here at home and abroad engage in these activities
that made transparency international in several occasion ranked Nigeria as one
of the most corrupt Nation on the planet.
Ranging from stealing public funds through non-completion of
projects and some other cases work will be contracted on paper (faceless site)
awarded on political basis not even executed they will share the money among
themselves and possibly kill any body that come across their way.
The economy is suffering its own share of decay gradually,
as a result of this sucking/outflow, which move often than not the funds are
taken abroad. Million staffs of our Nation have been thrown into the labour
market and many investors in our economy, have been thrown into panic as they
watch their hard earned money go down the drain. The investors are now doubting
the financial transparency of our financial institutions and the economy at
large.
THE EFFECT OF FINANCIAL CRIME ON THE GROWTH OF SMALL/MEDIUM SCALE BUSINESSES
Additional Information
- The Project Material is available for download.
- The Research material is delivered within 15-30 Minutes.
- The Material is complete from Preliminary Pages to References.
- Well Researched and Approved for supervision.
- Click the download button below to get the complete project material.
Frequently Asked Questions
In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.
We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to
info@researchcub.info with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also
check out what our happy clients have to say.
Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.
We have professional writers in various disciplines. If you have a fresh topic, just click
Hire a Writer or click here to fill the form and one of our writers will contact you shortly.
Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.
Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!
What Clients Say
Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.
Patrick
Student
All Project Materials is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again welldone.
Keneth
Student
Thank you for everything you have done so far; my communication with you, both by e-mail and whatsapp, has been the only positive point about the whole experience - you have been reliable and courteous in my research work and I sincerely appreciate that.
Mike Olan
Student
You are well rated. Thank you for your being prompt and activeness.
Adedayo
Student
I have been using you people for some time and I can say that you are good because you give me what I want, you don't disappoint. You guys to keep to the standard. You are highly recommended to serve more Researchers.
Ndubuisi
Student
I love all project materials / researchcub.
There are good and wonderful. Nice Work!
People also search for:
the effect of financial crime on the growth of small/medium scale businesses, effect, financial, crime project topics, researchcub.info, project topic, list of project topics, project topics and materials, research project topics, covid-19 project materials, all project topics, journals, books, Academic writer, accounting project topics.
A Research proposal for the effect of financial crime on the growth of small/medium scale businesses:
Reviews: A Review on the effect of financial crime on the growth of small/medium scale businesses, effect, financial, crime project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
Financial crimes have been the order of the day for quite a long time especially in our society today. This phenomenon ranges from various dimensions, such as Bank fraud, embezzlement of public funds, money laundering, credit cards fraud etc. It can be described as a conscious premeditated action of a person or group of persons with the intention of altering the truth, or facts for selfish personal monetary gain.
This has been a general decease in the whole wide world and the Nigerian society has not seen spared either.
The powerful effect of crimes has on the global market has now become a source of great concern to future reasoning stakeholders profitable firms are closing businesses and innocent members of the society not guilty of a financial crime are groan with pain under the weight of a heavy debt burden and a not hopeful future... accounting project topics
THE EFFECT OF FINANCIAL CRIME ON THE GROWTH OF SMALL/MEDIUM SCALE BUSINESSES