Negative Effect of Money Laundering on Economic Development: Elements of Money Laundering, Effects, Economic Development and the EFCC

The book elicits information on Money Laundering; Negative Effect on economic development in Nigeria. Money laundering is significant to Nigeria Economy because of the havoc it caused in the stability of the system. People who are thwarted in attaining desired social and economic goals legally may seek to obtain them illegally. Data were gathered through the survey design using questionnaire and analyzed using the software package for social sciences (SPSS) The findings show that there was a significant relationship between the incidence of money laundering and economic development. It is a repository of understanding the elements and effects of money laundering coupled with a coherent systematization of the procedures of social science research work.