Exterminating Corruption in Nigeria: <i>The Cressey’s Approach</i>

Sixtus Cyprian Onyekwere; Thomas Audu Ayim; Hassan Usman

doi:doi:10.11648/j.jfa.20200806.11

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Exterminating Corruption in Nigeria: The Cressey’s Approach

Sixtus Cyprian Onyekwere, Thomas Audu Ayim, Hassan Usman

Published in Journal of Finance and Accounting (Volume 8, Issue 6)

Received: 22 September 2020 Accepted: 12 October 2020 Published: 11 November 2020

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Abstract

The two objectives set for this research were to assess how well, Cressey’s hypothesis, also known as fraud triangle theory, can explain the reasons behind corruption in Nigerian institutions, and to assess the significance of capability from the fraud diamond theory, towards the detection and prevention of corruption in Nigeria. The researcher adopts a critical review approach of past literature. From the conclusion reached, two recommendations for successful eradication of corruption in Nigeria are: (1) to adopt the Cressey’s fraud triangle approach as well as the fraud diamond to fight corruption (in micro-level), from organization to organization and (2), to adopt a more fundamental approach similar to the Hong Kong’s Two-Pronged approach to improve overall accountability and fight opportunity for corruption from a wider macro level. Suggested step for the federal government of Nigeria to successfully fight corruption at a macro level, is to merge the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) to form one single and properly resourced independent corruption-fighting agency, similar to that of Hong Kong’s Independent Commission Against Corruption (ICAC).

Published in	Journal of Finance and Accounting (Volume 8, Issue 6)
DOI	10.11648/j.jfa.20200806.11
Page(s)	246-256
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Fraud, Corruption, Cressey’s Fraud Triangle, Fraud Diamond, Nigeria

References

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APA Style

Sixtus Cyprian Onyekwere, Thomas Audu Ayim, Hassan Usman. (2020). Exterminating Corruption in Nigeria: The Cressey’s Approach. Journal of Finance and Accounting, 8(6), 246-256. https://doi.org/10.11648/j.jfa.20200806.11

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Sixtus Cyprian Onyekwere; Thomas Audu Ayim; Hassan Usman. Exterminating Corruption in Nigeria: The Cressey’s Approach. J. Finance Account. 2020, 8(6), 246-256. doi: 10.11648/j.jfa.20200806.11

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AMA Style

Sixtus Cyprian Onyekwere, Thomas Audu Ayim, Hassan Usman. Exterminating Corruption in Nigeria: The Cressey’s Approach. J Finance Account. 2020;8(6):246-256. doi: 10.11648/j.jfa.20200806.11

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@article{10.11648/j.jfa.20200806.11,
  author = {Sixtus Cyprian Onyekwere and Thomas Audu Ayim and Hassan Usman},
  title = {Exterminating Corruption in Nigeria: The Cressey’s Approach},
  journal = {Journal of Finance and Accounting},
  volume = {8},
  number = {6},
  pages = {246-256},
  doi = {10.11648/j.jfa.20200806.11},
  url = {https://doi.org/10.11648/j.jfa.20200806.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20200806.11},
  abstract = {The two objectives set for this research were to assess how well, Cressey’s hypothesis, also known as fraud triangle theory, can explain the reasons behind corruption in Nigerian institutions, and to assess the significance of capability from the fraud diamond theory, towards the detection and prevention of corruption in Nigeria. The researcher adopts a critical review approach of past literature. From the conclusion reached, two recommendations for successful eradication of corruption in Nigeria are: (1) to adopt the Cressey’s fraud triangle approach as well as the fraud diamond to fight corruption (in micro-level), from organization to organization and (2), to adopt a more fundamental approach similar to the Hong Kong’s Two-Pronged approach to improve overall accountability and fight opportunity for corruption from a wider macro level. Suggested step for the federal government of Nigeria to successfully fight corruption at a macro level, is to merge the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) to form one single and properly resourced independent corruption-fighting agency, similar to that of Hong Kong’s Independent Commission Against Corruption (ICAC).},
 year = {2020}
}

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TY  - JOUR
T1  - Exterminating Corruption in Nigeria: The Cressey’s Approach
AU  - Sixtus Cyprian Onyekwere
AU  - Thomas Audu Ayim
AU  - Hassan Usman
Y1  - 2020/11/11
PY  - 2020
N1  - https://doi.org/10.11648/j.jfa.20200806.11
DO  - 10.11648/j.jfa.20200806.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 246
EP  - 256
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20200806.11
AB  - The two objectives set for this research were to assess how well, Cressey’s hypothesis, also known as fraud triangle theory, can explain the reasons behind corruption in Nigerian institutions, and to assess the significance of capability from the fraud diamond theory, towards the detection and prevention of corruption in Nigeria. The researcher adopts a critical review approach of past literature. From the conclusion reached, two recommendations for successful eradication of corruption in Nigeria are: (1) to adopt the Cressey’s fraud triangle approach as well as the fraud diamond to fight corruption (in micro-level), from organization to organization and (2), to adopt a more fundamental approach similar to the Hong Kong’s Two-Pronged approach to improve overall accountability and fight opportunity for corruption from a wider macro level. Suggested step for the federal government of Nigeria to successfully fight corruption at a macro level, is to merge the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) to form one single and properly resourced independent corruption-fighting agency, similar to that of Hong Kong’s Independent Commission Against Corruption (ICAC).
VL  - 8
IS  - 6
ER  -

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Author Information

Sixtus Cyprian Onyekwere

Department of Economics, Aduvie Pre University College, Abuja, Nigeria
Thomas Audu Ayim

Department of Accounting, Aduvie Pre University College, Abuja, Nigeria
Hassan Usman

Department of Accounting with Finance, Portsmouth University, Portsmouth, United Kingdom

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APA Style

Sixtus Cyprian Onyekwere, Thomas Audu Ayim, Hassan Usman. (2020). Exterminating Corruption in Nigeria: The Cressey’s Approach. Journal of Finance and Accounting, 8(6), 246-256. https://doi.org/10.11648/j.jfa.20200806.11

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ACS Style

Sixtus Cyprian Onyekwere; Thomas Audu Ayim; Hassan Usman. Exterminating Corruption in Nigeria: The Cressey’s Approach. J. Finance Account. 2020, 8(6), 246-256. doi: 10.11648/j.jfa.20200806.11

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AMA Style

Sixtus Cyprian Onyekwere, Thomas Audu Ayim, Hassan Usman. Exterminating Corruption in Nigeria: The Cressey’s Approach. J Finance Account. 2020;8(6):246-256. doi: 10.11648/j.jfa.20200806.11

Copy | Download

@article{10.11648/j.jfa.20200806.11,
  author = {Sixtus Cyprian Onyekwere and Thomas Audu Ayim and Hassan Usman},
  title = {Exterminating Corruption in Nigeria: The Cressey’s Approach},
  journal = {Journal of Finance and Accounting},
  volume = {8},
  number = {6},
  pages = {246-256},
  doi = {10.11648/j.jfa.20200806.11},
  url = {https://doi.org/10.11648/j.jfa.20200806.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20200806.11},
  abstract = {The two objectives set for this research were to assess how well, Cressey’s hypothesis, also known as fraud triangle theory, can explain the reasons behind corruption in Nigerian institutions, and to assess the significance of capability from the fraud diamond theory, towards the detection and prevention of corruption in Nigeria. The researcher adopts a critical review approach of past literature. From the conclusion reached, two recommendations for successful eradication of corruption in Nigeria are: (1) to adopt the Cressey’s fraud triangle approach as well as the fraud diamond to fight corruption (in micro-level), from organization to organization and (2), to adopt a more fundamental approach similar to the Hong Kong’s Two-Pronged approach to improve overall accountability and fight opportunity for corruption from a wider macro level. Suggested step for the federal government of Nigeria to successfully fight corruption at a macro level, is to merge the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) to form one single and properly resourced independent corruption-fighting agency, similar to that of Hong Kong’s Independent Commission Against Corruption (ICAC).},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Exterminating Corruption in Nigeria: The Cressey’s Approach
AU  - Sixtus Cyprian Onyekwere
AU  - Thomas Audu Ayim
AU  - Hassan Usman
Y1  - 2020/11/11
PY  - 2020
N1  - https://doi.org/10.11648/j.jfa.20200806.11
DO  - 10.11648/j.jfa.20200806.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 246
EP  - 256
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20200806.11
AB  - The two objectives set for this research were to assess how well, Cressey’s hypothesis, also known as fraud triangle theory, can explain the reasons behind corruption in Nigerian institutions, and to assess the significance of capability from the fraud diamond theory, towards the detection and prevention of corruption in Nigeria. The researcher adopts a critical review approach of past literature. From the conclusion reached, two recommendations for successful eradication of corruption in Nigeria are: (1) to adopt the Cressey’s fraud triangle approach as well as the fraud diamond to fight corruption (in micro-level), from organization to organization and (2), to adopt a more fundamental approach similar to the Hong Kong’s Two-Pronged approach to improve overall accountability and fight opportunity for corruption from a wider macro level. Suggested step for the federal government of Nigeria to successfully fight corruption at a macro level, is to merge the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) to form one single and properly resourced independent corruption-fighting agency, similar to that of Hong Kong’s Independent Commission Against Corruption (ICAC).
VL  - 8
IS  - 6
ER  -

Copy | Download