H. Uchenna Okoronkwo

ABSTRACT A nation whose emerging economic growth is deliberately being undermined and siphoned by few highly organised criminals, is sitting on a keg of gunpowder. Official corrupt practices, Informal payments on public projects, scams, money laundering, tax evasion/avoidance, over-invoicing, advanced fee fraud, illegal currency manipulation, improper foreign exchange dealings, banking fraud, stealing, smuggling, kidnapping, human and drug trafficking etc altogether  constitute crucial economic problem that needs practical oriented and urgent solution in India and Nigeria. It undermines confidence in the government, whose moral authority is diminished. In this work, I intend to reiterate and pointedly demonstrate how economic crimes have become more sophisticated, endemic and constitute graver danger to Indian and Nigerian economic growth today. It is my resolve here to show that law alone is not the best instrument to fight economic crime. I also wish to justify how economic ...