Nigeria-Related Financial Crime and its Links with Britain (PDF; 280 KB)
Source: Chatham House
From press release:

Nigeria-related financial crime has become a large and pressing problem for the UK authorities. Internet scams, cheque and credit card fraud, money-laundering and immigration and identity paper fraud – as well as corruption involving both Nigerian officials and British companies – are often going unchecked, because of a shortage of resources and a failure by both governments to live up to their promises to tackle graft. These are the main findings of Nigeria-Related Financial Crime and its Links with Britain by Michael Peel, a major new report published today by Chatham House.

Criminal activity is carried out by a small minority of Nigerians, relative to the size of the country and the number of its nationals resident in Britain or visiting it. But the numbers of people involved are still significant and their success reflects wider political and logistical shortcomings with the way the British authorities deal with financial crime. In addition, many British nationals and companies still perpetuate corruption in Nigeria: executives say bribe-paying remains common, and the British government has yet to launch a single prosecution under a 2001 law that explicitly prohibits the bribery of foreign public officials.

This entry was posted on Saturday, January 13th, 2007 at 11:23 am and is filed under Africa, Business and economics, Crime, United Kingdom. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.