Abstract
The study investigated the effect of financial crime on local government productivity in Rivers State. The study specifically ascertained the effect of financial crime on effective service delivery and human resource administration in Rivers State local government councils. The predominant factors that induced financial crime in Rivers State local government councils were also identified. Descriptive survey design was employed with purposive sampling drawn from eight local government councils. A total of 220 questionnaires were distributed to the eight local government councils and of the 220, 208 representing 95% were returned and used. The data were analyzed using simple percentages for descriptive analysis and Chi-square (χ2) for hypotheses testing. The findings revealed that financial crime significantly and negatively influenced effective service delivery and human resource administration in Rivers State local government councils. It was further revealed that greed, opportunity and need induced financial crime in Rivers State local government councils. To stimulate employee commitment and effective service delivery in Rivers State local government councils, it was recommended that local government employees should be properly compensated and the institutional and juridical mechanisms (whether on exclusive, concurrent and residual lists) should be strengthened for accountability and deterrence of financial crime.
Keywords:
Accountability, Effective service delivery, Federal account allocation committee, Financial crime, Human resource administration, Local government productivity, Rivers State local government councils.How to Cite
Briggs, B. R., Wege, L. G., & Nkanbia-Davies, L. O. . (2020). Financial Crime and Local Government Productivity in Rivers State. Journal of Contemporary Research in Business, Economics and Finance, 2(3), 47–60. https://doi.org/10.33094/26410265.2020.23.47.60
References
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Kotler, P., & Armstrong, G. (2001). Principles of marketing (9th ed.). New Delhi: Prentice-Hall of India Limited.
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Ogbeidi, M. M. (2012). Political leadership and corruption in Nigeria since 1960: A socio-economic analysis. Journal of Nigeria Studies, 1(2), 1-25.
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Pietersen, C. (2014). Implementation of Batho Pele principles in an educational District Office. Mediterranean Journal of Social Sciences, 5(3), 253-253.
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Saulawa, M., Danjuma, I., Musa, K., & Haruna, H. (2017). The 1999 constitution and the roles of local government in Nigeria: Hitches and the way forward. International Journal of Innovative, Legal and Political Studies, 5(2), 1-10.
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Tunley, M. (2011). Need, greed or opportunity? An examination of who commits benefit fraud and why they do it. Security Journal, 24(4), 302-319. Available at: https://doi.org/10.1057/sj.2010.5.
Ukpe, W. (2020). FAAC: FG, States nad local governments share N547 billion in June. Retrived from: https://nairametrics.com /2020/09/05/faac-fg-states-and-local-government-share-n547-billion-in-june/. [Accessed September 21, 2020].
Wang, L., Malhotra, D., & Murnighan, J. K. (2011). Economics, education and creed. Academy of Management Learning and Education, 10(4), 643-660.
Weihrich, H., Cannice, M., & Koontz, H. (2010). Management: A global and entrepreneurial perspective (13th ed.). New Delhi: Tata McGraw Hill Education Private Limited.
Adeyemi, O. (2013). Local government and the challenges of service delivery: The Nigeria experience. Journal of Sustainable Development in Africa, 15(7), 84-98.
Agim, O. M. (2018). Instituting sound ethical practices as a foundation for good governance. The Siegel Institute Journal of Applied Ethics, 9(1), 1.
Ahmad, A. A. (2013). Local governmant autonomy and its effectiveness in Nigeria. Journal of African and Asian Local Government Studies, 2(1), 48-59.
Asika, N. (2004). Research methodology: A process approach. Lagos: FAY Ventures (Educational Publishers).
Babatunde, I., & Filani, A. (2016). The economic and financial crimes commission and its role in curbing corruption in Nigeria: Evaluating the success story so far. International Journal of Law, 2(6), 14-22.
Bartuševičienė, I., & Šakalytė, E. (2013). Organizational assessment: Effectiveness vs. efficiency. Social Transformations in Contemporary Society, 1(1), 45-53.
Briggs, B. R. (2014). Batho pele principles and quality service delivery in the Nigerian public sector: Case of Rivers State. International Journal of Management, IT and Engineering, 4(6), 202-220.
Briggs, B. R. (2009). Problems of recruitment in the Nigerian civil service. In R. J. Mathur (Eds.), Approaches to Administrative Reform in Select Countries (pp. 114-141). India: Icfai University Press.
Brinkerhoff, D. W. (2010). Unpacking the concept of political will to confront corrutpion. U4 Policy Brief, Bergen: Chr.Michlsen Institute. Retrieved from: http://www.u4.no/publications/unpacking-the-concept-of-political-will-to-confront-corruption/. [Accessed July 26, 2020].
D’Souza, J. (2015). Greed: Crises, causes, and solutions. International Journal of Humanities and Social Science, 5(7), 1-6.
Department for International Development. (2015). Why corruption matters: Understanding causes, effects and how to address them, Evidence paper on corruption. .
Dobie, L. (2020). Tackling fraud and financial crime in the global public sector through training and education. International Federation of Accountants. Retrieved from: https://www.ifac.org/knowledge-gateway/building-trustethics/discussion/tackling-fraud-and-financial-crime-global-public-sector-through-training-and-education. [Accessed August 3, 2020].
Ebeku, K. (1992). The separation of powers in local government in Nigeria. Journal of African Law, 36(1), 43-51. Available at: https://doi.org/10.1017/s0021855300009724.
Egbo, O., Nwakoby, I., Onwumere, J., & Uche, C. (2012). Security votes in Nigeria: Disguising stealing from the public purse. African Affairs, 111(445), 597-614. Available at: https://doi.org/10.1093/afraf/ads060.
Eiya, O., Otalor, J. I., & Awili, C. (2013). Forensic accounting as a tool for fighting financial crime in Nigeria. Research Journal of Finance and Accounting, 4(6), 18-25.
Ewepu, G. (2019). Security votes: N241bn spent annually unaccounted for, says transparency int’l Vanguard. Retrieved from https://www.vanguardngr.com/2019/09/security-votes-n241bn-spent-annually-unaccounted-for-says-transparency-intl/. [Accessed July 26, 2020].
Ewi, M. (2018). Financial crime undercuts Africa’s economic growth gains: Institute for Security Studies. Retrieved from: https://issafrica.org/iss-today/financial-crime-undercuts-africas-economic-growth-gains. [Accessed August 3, 2020].
Ezirim, A. C., Briggs, B. R., Ebiringa, O. T., Akpobolokemi, P. Z., & Maclayton, D. W. (2004). Research methodology for social sciences. Nnewi: MC Computer Press.
Fagbadebo, O. (2007). Corruption, governance and political instability in Nigeria, African. Journal of Political Science and International Relations, 1(2), 28-37.
Ganiyu, R. O., Rasak, B., & Taiwo, F. O. (2014). Socio-political and economic impacts of corruption in Nigeria. International Journal for Innovation Education Research, 2(1), 35-42.
Gottschalk, P. (2010). Categories of financial crime. Journal of Financial Crime, 17(4), 441-458.
Igbara, N. (2012). Fundamentals of research. Port Harcourt: Dalitt Printing and Publishing Company.
Iwueke, O. C. (2016). Organizational behaviour (2nd ed.). Owerri: C-M Infinity Ventures.
Jung, J., & Lee, J. (2017). Contemporary financial crime. Journal of Public Administration and Governance, 7(2), 88-97. Available at: https://doi.org/10.5296/jpag.v7i2.11219.
Kari, E. E. (2019). The languages of Rivers State of Nigeria: An overview. Retrieved from https://www.researchgate.net/publication/337102125_The¬_Languages_of_Rivers_State_of_Nigeria_An_Overview. [Accessed August 6, 2020].
Kasum, A. S. (2009). The relevance of forensic accounting to financial crimes in private and public sectors of third world economies: A study from Nigeria. Paper presented at the Proceedings of the 1st International Conference on Governance Fraud Ethics and Social Responsibility, June 11-13.
Kothari, C. R. (2004). Research methodology: Methods and techniques. New Delhi: New Age International Publishers.
Kotler, P., & Armstrong, G. (2001). Principles of marketing (9th ed.). New Delhi: Prentice-Hall of India Limited.
Martin, A., Gross-Camp, N., Kebede, B., & McGuire, S. (2014). Measuring effectiveness, efficiency and equity in an experimental payments for ecosystem services trial. Global Environmental Change, 28, 216-226. Available at: https://doi.org/10.1016/j.gloenvcha.2014.07.003.
Moyosore, S. O. (2015). Corruption in Nigeria: Causes, effects and probable solutions. Journal of Political Science and Leadership Research, 15(1), 22-36.
Nickels, W. G., McHugh, J. M., & McHugh, S. M. (1999). Understanding business (5th ed.). USA: Irwin/McGraw-Hill.
Njoku, C. V., Nwosu, A. N., & Callistus, M. O. (2017). Business management and entrepreneurship: A functional approach (Revised ed.). Owerri: Ambix Publishers.
Njoku, C. V., & Nwosu, A. N. (2010). Principles of management: A fundamental approach. Owerri: Ambix Publishers.
Ogbeidi, M. M. (2012). Political leadership and corruption in Nigeria since 1960: A socio-economic analysis. Journal of Nigeria Studies, 1(2), 1-25.
Okolo, P. O., & Raymond, A. O. (2014). Corruption in Nigeria: The possible way out. Global Journal of Human Social Science for Political Science, 14(7), 30-38.
Onuoha, J. K., Ohiri, A. U., Kalu, I., Onyeike, I., & Okpanku, H. O. (2011). Research methodology for behavioural sciences. Owerri: Cape Publishers International Ltd.
Osuebi, K. T., Nwachukwu, K. C., Arinze, A. I., & Nnadi, O. S. (2019). Local government administration and political accountability in Nigeria: Contending issues and the way forward. Journal of Public Administration and Social Welfare Research, 4(1), 22-30.
Owolabi, E. A. (2007). Corruption and financial crimes in Nigeria. Genesis, Trend and Consequences, 18. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.590.28990&Rep=rep1&type=pdf. [Accessed August 7, 2020].
Peretomode, V. F., & Peretomode, O. (2001). Human resources management. Lagos: Obaroh and Ogbonaka Publishers.
Pickett, K. S., & Pickett, J. M. (2002). Financial crime investigation and control. USA: John Wiley and Sons.
Pietersen, C. (2014). Implementation of Batho Pele principles in an educational District Office. Mediterranean Journal of Social Sciences, 5(3), 253-253.
Rice, S. E., & Patrick, S. (2008). Index of state weakness in the developing world. Brookings Global Economy & Development. Retrieved from: https://www.brookings.edu/wp-content/uploads/2016/06/02_weak_states_index.pdf. [Accessed August 19, 2020].
Saddiq, S. A., & Abu Bakar, A. S. (2019). Impact of economic and financial crimes on economic growth in emerging and developing countries: A systematic review. Journal of Financial Crime, 26(3), 910-920.
Salami, A. (2011). Taxation, revenue allocation and fiscal federalism in Nigeria: Issues, challenges and policy options. Economic Annals, 56(189), 27-50.
Saulawa, M., Danjuma, I., Musa, K., & Haruna, H. (2017). The 1999 constitution and the roles of local government in Nigeria: Hitches and the way forward. International Journal of Innovative, Legal and Political Studies, 5(2), 1-10.
Snell, B. (1999). Management: Building competitive advantage (4th ed.). USA: Irwin/McGraw-Hill.
Tunley, M. (2011). Need, greed or opportunity? An examination of who commits benefit fraud and why they do it. Security Journal, 24(4), 302-319. Available at: https://doi.org/10.1057/sj.2010.5.
Ukpe, W. (2020). FAAC: FG, States nad local governments share N547 billion in June. Retrived from: https://nairametrics.com /2020/09/05/faac-fg-states-and-local-government-share-n547-billion-in-june/. [Accessed September 21, 2020].
Wang, L., Malhotra, D., & Murnighan, J. K. (2011). Economics, education and creed. Academy of Management Learning and Education, 10(4), 643-660.
Weihrich, H., Cannice, M., & Koontz, H. (2010). Management: A global and entrepreneurial perspective (13th ed.). New Delhi: Tata McGraw Hill Education Private Limited.
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