The effects of illicit financial flows on oil and gas revenue generation in Nigeria

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bello Umar ◽  
Zayyanu Mohammed
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Academic Research ◽  
Subject Area ◽  
Financial Flows ◽  
Revenue Generation ◽  
Content Type ◽  
The Public ◽  
Illicit Flows ◽  
Illicit Financial Flows

Purpose The purpose of this study is to determine the extent illicit flows affect the oil and gas revenue generation in Nigeria specifically the activities concerning oil theft. Design/methodology/approach A qualitative approach using a systematic quantitative assessment technique was used to select peer-reviewed articles and reports that discussed crude oil theft in Nigeria. This was followed by the use of empirical evidence and content analysis. Findings Crude oil theft in Nigeria accounts for 10% of illicit financial flows (IFFs) from Africa annually and this amounts to US$6bn annually. Research limitations/implications Oil theft is a new subject area of public policy and academic research; data, secondary literature and peer-reviewed journal articles are limited. This paper was from the public sector perspective only. Originality/value This study is one of the few works to highlight the connection between crude oil theft and IFFs.

Efforts to tackle Africa illicit flows will fall short

2015 ◽  
Keyword(s):  
Investor Sentiment ◽  
Sub Saharan Africa ◽  
Financial Systems ◽  
Financial Flows ◽  
Content Type ◽  
Trading Partners ◽  
Illicit Flows ◽  
Illicit Financial Flows ◽  
Financial Transparency ◽  
Sub Saharan

Subject Illicit flows from sub-Saharan Africa. Significance Illicit financial flows (IFFs) from sub-Saharan Africa (SSA) are estimated to be worth up to 50 billion annually, according to a recent UN report. The transfer of illicit flows through international financial systems has created opportunities for governments in European destination countries to recover plundered funds and prosecute those involved. These efforts set new legal precedents, but the rulings will be difficult to implement where governments are worried about the effect on investor sentiment. Impacts New and important African trading partners, from China to Dubai, will create new networks of illicit financial flows. Questions of financial transparency will arise, though irrespective of where the 'destination' negotiating partner is from. China's extra-territorial anti-bribery legislation shows efforts to comply with 'responsible' business, but so far lacks implementation.

Performance measurement and management in the public sector: state of the art and research opportunities

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Patrizia Garengo ◽  
Alberto Sardi
Keyword(s):  
Public Sector ◽  
Performance Measurement ◽  
State Of The Art ◽  
Business Management ◽  
Academic Research ◽  
Conceptual Structure ◽  
Content Type ◽  
Research Opportunities ◽  
The Public ◽  
Public Organisations

PurposeSince the 1980s, performance measurement and management (PMM) has been described as an essential element of new public management (NPM) reforms. The purpose of this paper is to provide an overview of the current state of the art and future research opportunities for PMM in public sector management.Design/methodology/approachThe paper carried out a bibliometric literature review using two main techniques named (1) performance analysis and (2) science mapping techniques. It investigated the academic research area describing the main publications' trend, the conceptual structure and its evolution from 1996 to 2019.FindingsThe results highlighted the growing relevance of PMM research in public organisations and confirmed a great interest of the business, management and accounting literature on PMM in public sector management. Furthermore, the results also described a conceptual structure of the public PMM literature analysed and its evolution being too generic to answer public organisations' needs. The results identified five main research gaps and research opportunities.Originality/valueAlthough the adoption of rigorous bibliometric techniques was recognised as being useful for assessing the academic research study, the paper describes the business, management and accounting literature contributing to new theoretical and practical future opportunities.

scholarly journals Hidden Inequality: How Much Difference Would Adjustment for Illicit Financial Flows Make to National Income Distributions?

2016 ◽  
Vol 7 (2) ◽  
Author(s):  
Alex Cobham ◽  
William Davis ◽  
Gamal Ibrahim ◽  
Andy Sumner
Keyword(s):  
National Income ◽  
Financial Flows ◽  
Preliminary Results ◽  
Income Distributions ◽  
Top Incomes ◽  
Recent Innovation ◽  
Illicit Flows ◽  
Illicit Financial Flows ◽  
Using Data

AbstractA recent innovation in measuring inequality is the incorporation of adjustments to top incomes using data from tax authorities, revealing higher inequality. The thesis of this paper is that the incorporation of estimates of income from illicit financial flows (IFF), reflecting untaxed capital, may be as significant to national inequality – but with greater variation across countries. We propose a method of adjusting national inequality data for illicit flows, and present preliminary results. These estimates suggest that untaxed illicit flows could be as important as (taxed) top incomes to estimates of inequality – highlighting the importance of improving estimates of underlying illicit flows.

Referring academic library chat reference patrons: how subject librarians decide

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Paula R. Dempsey
Keyword(s):  
Information Literacy ◽  
Academic Library ◽  
Academic Research ◽  
Subject Area ◽  
Empirical Examination ◽  
Content Type ◽  
Reference Services ◽  
Chat Reference ◽  
Key Factor ◽  
Doctoral Universities

Purpose The purpose of this study is to learn what factors liaison librarians in academic research libraries consider in determining whether to refer chat reference patrons to subject specialists. Design/methodology/approach Subject specialists were asked what policies guided their decisions to refer to a specialist and then assessed unreferred chat session transcripts both within and outside their specializations to determine need for a referral. Findings Few respondents were guided by formal policies. Contrary to an initial hypothesis, subject area was not a key factor in referring chat. A broader set of criteria included reference interviewing, provision of relevant resources and information literacy instruction. Respondents valued both the depth that subject specialists can provide to reference interactions and the ability of a skilled generalist to support information literacy. Research limitations/implications Findings are most applicable to large, public doctoral universities with liaison librarian programs. Assignment of respondents to subject specialist categories was complicated by their broad range of background and expertise. Practical implications The study contributes new understanding of referrals to subject specialists who have potential to guide development of formal referral policies in academic library virtual reference services. Originality/value The study is the first empirical examination of chat reference referral decisions.

scholarly journals The influence of celebrity chefs on a student population

2015 ◽  
Vol 117 (2) ◽  
pp. 614-628 ◽  
Author(s):  
Samantha Rosemary Lane ◽  
Stephanie Margaret Fisher
Keyword(s):  
Food Habits ◽  
Public Perception ◽  
Academic Research ◽  
Significant Proportion ◽  
Modern Society ◽  
Student Population ◽  
Online Questionnaire ◽  
Content Type ◽  
The Public ◽  
Study Population

Purpose – The purpose of this paper is to investigate the exposure of a student population to celebrity chef television programmes, to assess the influence these figures have, and how they are perceived. Design/methodology/approach – A survey was conducted through an online questionnaire distributed at Bath Spa University. The approach included asking respondents why they watched programmes featuring celebrity chefs; to select a named celebrity chef whom they thought had most influenced their food habits, and to name particular chefs relating to campaign descriptions. Findings – A significant proportion of the study group watched television programmes fronted by celebrity chefs (84 per cent); the main reason for watching was for entertainment. Overall, reported influence was insignificant, though Jamie Oliver was selected as the chef with most influence on the respondent’s food habits. Jamie Oliver’s campaign to improve school dinners was also the most recognised, and celebrity chefs were generally viewed positively. Research limitations/implications – The study population was quite specific in its gender, age and ethnicity, and therefore might not be representative of wider society. Further work could consider gender differences in chef influence, as well as different forms of exposure. Originality/value – Despite their ubiquity, academic research into the role of the celebrity chef in modern society is limited, where very few studies have assessed the influence of named chefs or the public perception of these figures. This paper gives an insight into this under-researched field.

Impediments affecting the curbing of illicit financial flows of organised crime in developing economies

2019 ◽  
Vol 26 (1) ◽  
pp. 5-21 ◽  
Author(s):  
Emmanuel Sotande
Keyword(s):  
Developing Countries ◽  
Developing Economies ◽  
Task Force ◽  
Organised Crime ◽  
Policy Implications ◽  
Periodic Review ◽  
Financial Flows ◽  
Content Type ◽  
Serious Crime ◽  
Illicit Financial Flows

Purpose The purpose of this paper is to examine the treats hindering war against illicit financial flows of organised crime in developing economies and Nigeria in particular. The examination shows that the impediments facing the fight against money laundering and organised crime financial flows vary from one country to another. It may be lesser in developed economies where most instruments, treaties and best practice recommendations to curb serious crime originated from. However, the impediments against the proceeds of organised crime in developing economies are overwhelming. Design/methodology/approach The research methodology adopted was qualitative analysis. This was applied through the use and analysis of documents and expert interviews. Findings The impediments jeopardising the success against organised crime and other related serious crime financial flows in developing economies are devastating. Consequently, the study offered some policy implications to help mitigate these impediments in developing countries. The dynamics and the phenomena of organised crime business model are operated with ingenious strategies within the global states. Therefore, staying in control of the menace and the threats originated from the organised criminal activities would require periodic review of the global initiatives, standards and strategies deployed by the standard setters to combat organised crime and its financial flows in developing and evolving economies. Additionally, the implementing countries should be carried along and allow to make inputs when such initiatives and standards are being developed. Social implications In Nigeria, there is a clear evidence of “collateral damage” in terms of social justice as result of financial exclusion of many bankable adults of the country that do not possess unique identities for account opening documentation and customer due diligence of the Financial Action Task Force recommendation 10. Originality/value There have been quite a number of studies on organised crime and still fewer have recognised the need to explore the success or failure of combating the proceeds of crime in developing economies. This study provides answer to these gaps by screening associated risks of fighting the proceeds of organised crime in developing countries and Nigeria in particular.

scholarly journals University of Wollongong in Dubai: creating a private university in the public interest

2011 ◽  
Vol 1 (4) ◽  
pp. 1-13 ◽  
Author(s):  
Rob Whelan ◽  
Daniel Kratochvil
Keyword(s):  
Higher Education ◽  
Public Interest ◽  
Academic Staff ◽  
Private University ◽  
Subject Area ◽  
Content Type ◽  
The Public ◽  
Staff Members ◽  
Complex Organization ◽  
The University

TitleUniversity of Wollongong in Dubai: creating a private university in the public interest.Subject areaHigher education leadership and planning.Study level/applicabilityPostgraduate/higher education.Case overviewProfessor Rob Whelan was appointed President of the University of Wollongong in Dubai (UOWD) from the University of Wollongong in Australia (UOW). Professor Whelan brought to the job in Dubai the perspective that public‐good benefits flow from a comprehensive institution engaged with the larger community and these are led by academic staff members who produce research that serves the national interest. To apply this model to UOWD meant a thorough analysis of the organization in terms of both its culture and its broader environment. This case explores the various processes through which a new leader takes stock of an existing institution, identifies the potential for development in a particular direction, draws upon a range of stakeholders to refine the vision and develop it into a strategic plan, gains support for the plan, and then implements change through close collaboration with the institution's constituents.Expected learning outcomesThis case can be used to explore a number of issues in leadership and management including: identifying the various internal and external stakeholders in a complex organization; analysing strategies for mobilization for change, including the assessment of inclusive versus exclusive approaches; reviewing the opportunity costs of change; and assessing types of leadership.Supplementary materialsTeaching notes.

Illicit money flows pose Africa development dilemma

2015 ◽  
Keyword(s):  
African Union ◽  
Financial Flows ◽  
Content Type ◽  
Macroeconomic Fundamentals ◽  
Money Flows ◽  
Commodity Export ◽  
Illicit Financial Flows ◽  
Sub Saharan ◽  
High Level ◽  
Effective Use

Subject Illicit money flows from Africa. Significance Illicit financial flows (IFFs) could cost sub-Saharan African (SSA) states up to 50 billion dollars per year in lost revenues, according to a high-level UN panel. The new report, commissioned by the African Union and SSA finance ministers, highlights the detrimental development consequences of IFFs -- in a context where many states are battling with declining commodity export revenues and rising debt burdens. Impacts In SSA states with weak macroeconomic fundamentals and rising debt servicing costs will exacerbate fiscal losses caused by IFFs. Nevertheless, the attractiveness of bond issuances as a form of cheap capital (with minimal conditions) means further issuances are likely. Yet buyers of SSA paper are likely to become more discerning, making it harder for issuers to borrow on favourable terms. Efforts to curtail poaching will be assisted by drone technology in Southern Africa, but their effective use risks community-level blowback.

Algeria budget cuts could foster discontent

2016 ◽  
Keyword(s):  
Oil And Gas ◽  
Low Energy ◽  
Living Standards ◽  
Fiscal Deficit ◽  
Energy Prices ◽  
Budget Cuts ◽  
Content Type ◽  
Public Finances ◽  
The Public ◽  
Social Tensions

Significance With low energy prices rapidly diminishing the public finances, the new budget is likely to squeeze living standards further when Algerians are already feeling the pinch. Impacts The 2015 fiscal deficit was 16.5% of GDP and may be little lower in 2016, as oil and gas revenue has continued to be depressed. The government's plans to rein in the fiscal deficit are likely to fall short of creditor expectations. An austerity budget would likely inflame social tensions, so Algiers will avoid presenting the 2017 one as such.

London summit will improve global tax transparency

2016 ◽  
Keyword(s):  
Political Commitment ◽  
Slow Process ◽  
Political Leaders ◽  
Financial Flows ◽  
Content Type ◽  
Beneficial Ownership ◽  
Illicit Financial Flows ◽  
High Level ◽  
New Instruments

Subject Anti-corruption summit outcome. Significance New transparency initiatives at the anti-corruption summit promise to inhibit illicit financial flows. The summit has given political momentum to the traditionally bureaucratic and slow process of implementing anti-corruption conventions, together with creating new instruments. Impacts Transparency over beneficial ownership will make it harder for individuals to avoid tax and will increase scrutiny over financial flows. Nevertheless, corrupt elites and criminal gangs will still have numerous routes through which to channel their money. High-level political commitment to fight corruption will provide a benchmark against which political leaders can be held to account.

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