Forensic Accounting and Intelligence Gathering Approaches on The Management of Terrorist Financing in Nigeria

Aruwaji Akinola Mkchael, Olatunji Toyin Emmanuel


The management of terrorism financing involves the ability to achieve control over the source, cash flow and destination of terrorists. This study examined the effects of forensic accounting and the radians of intelligence gathering approaches in the investigation of terrorist financing in Nigeria. The data for this study were sourced through primary and secondary sources. Econometrics (Factor analysis with PCA and Pearson Correlation) were used for the analyses at 0.05 level of significant. The results purview that forensic accounting approaches and intelligence gathering tool are significant in investigating the source, pathway, destination and the utilization of the resources of terrorists. It was concluded that Nigeria government should establish response to terrorism/ terror financing under the presidency to manage the problem of terror financing.


Forensic accounting, intelligence gathering, factor analysis, terrorist financing

Full Text:



Adegbie, F. F and Fakile A.S (2012). Economic and Financial Crime in Nigeria: Forensic Accounting as Antidote. British Journal of Arts and Social Sciences ISSN: 2046-9578, Vol.6 No.1

Adeleh, A. (2014). Analysis of the Necessity to Develop the Forensic Accounting in Iran. American-Eurasian Network for Scientific information (AENSI) 8(19) Special, Pages: 170-173

Chester, G. O. III. (2008) Terrorist, Insurgents, and Criminals--Growing Nexus. Journal: Studies in Conflict & Terrorism Volume: 31 Issue: 1 Pages: 80 to 93

Dennis, L. (2002). Testimony of Dennis Lormel, Chief, Terrorist Financing Operations Section, Counterterrorism Division, FBI before the Senate Judiciary Committee, Subcommittee on Technology, Terrorism, and Government Information

Eke, C. C. (2013) Terrorism and the Dilemmas of Combating the Menace in Nigeria: International Journal of Humanities and Social Science Vol. 3 No. 4

Eli, B. L. and Iannaccone, R. (2006). The Good, The Bad, And The Deadly NBER Working Paper Series Religious Extremism: Working Paper 11663 National Bureau of Economic Research 1050 Massachusetts Avenue

EMEH, Y. and OBI, J. O. (2013). An Empirical Analysis of Forensic Accounting and Financial Fraud in Nigeria. African Journal of Social Sciences, Volume 3 number 4, 112-121

Enofe, P. O. Okpako E.N. Atube (2013). The Impact of Forensic Accounting on Fraud Detection. European Journal of Business and Management, Vol.5, No.26

Financial Action Task Force (FATF 2012). Financial Action Task Force on Money Laundering: Guidance for Financial Institutions in Detecting Terrorist Financing.

Financial Action Task Force (FATF 2013). Report Terrorist Financing In West Africa.

Gbegi, D. O and Adebisi, J. F. (2014). Forensic Accounting Skills and Techniques in Fraud Investigation in the Nigerian Public Sector. Mediterranean Journal of Social Sciences MCSER Publishing, Rome-Italy, Vol 5 No 3, E-ISSN 2039-2117 Gbegi, D.O Adebisi, J. F (2013).The New Fraud Diamond Model- How Can It Help Forensic Accountants in Fraud Investigation in Nigeria? European Journal of Accounting Auditing and Fiancé Research Vol.1, No. 4, pp.129-138

Joel, L. (2005) Assessing and/ Managing the Terrorism Threat. Bureau of Justice Assistance

Joshua, M. (2014).Vulnerabilities and Responses to Terrorist Financing: An Exploration of Informal Value Transfer Systems (IVTS), Islamic Charities, And Businesses and Financiers. Internet Journal of Criminology 2014 ISSN 2045 6743

Kovalerchuk, E. V. and Robert H. (2011). Correlation of Complex Evidence in Forensic Accounting Using Data Mining.

Kranacher, (2010) Introduction to Fraud Examination and Financial Forensics

Okoye, E.I & Gbegi, D.O (2013). An Evaluation of Forensic Accountants to Planning Management Fraud Risk Detection Procedures. Global Journal of Management and Business Research Volume 13 Issue 1 Version 1.0

Zare, B. S. (2013) The Role and Necessities of Forensic Accountant in Accounting. Indian Streams Research Journal. ISSN 2230-7850,



  • There are currently no refbacks.

Our Journal indexed by:

Our support tools using:


Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.