Research Student: Emmanuel Oluwasina Sotande
Development of Good Governance and Rule of Law between Regional Pressures and International Regime: Compliance with Anti-Money Laundering Laws in Nigeria
Highly organized, powerful, and increasingly mobile criminal activity has spread to every corner of the world; its myriad forms, including international terrorism and money laundering, reveal the “dark side of globalization” (IMF). These are global problems that threaten security, and compromise the stability, good governance, rule of law, transparency, and efficiency of financial systems, thus undermining economic prosperity. James D. Wolfensohn, former President of the World Bank declared that the global community should act “where it really matters” and, money laundering activities really matter in developing countries.
Terrorism and organised crime thrive when institutions and rule of law are weak. Regional and international bodies put pressure on such countries to implement anti-money laundering regimes.
My research explores how Nigeria can develop good governance and the rule of law when squeezed by regional and international pressure. Are such regional and international pressures beneficial for the country, or are they detrimental?