Corporate Crimes and Small-Scale Business in Niger Delta: A Challenge to Nigeria Economy

Authors

  • H. Dennis Nwanyanwu School of Foundation Studies, Kenule Beeson Saro-Wiwa Polytechnic, Bori, Rivers State, Nigeria.
  • Neeka Igbara School of Foundation Studies, Kenule Beeson Saro-Wiwa Polytechnic, Bori, Rivers State, Nigeria.
  • Paago K. Johnny School of Foundation Studies, Kenule Beeson Saro-Wiwa Polytechnic, Bori, Rivers State, Nigeria.

Keywords:

Corporate Crimes, Incomes, Small Scale Enterprises, Niger Delta

Abstract

This paper reviewed corporate crimes in Niger Delta, Nigeria. The focus was on Non-farm Small and Medium Enterprises. “Structured Action Theory” was adopted as the theory behind the study while the mexploratory approach was used for analysis to give insights on corporate organizations’ unethical and
illegal profiteering corporate activities of organizations. Position of government extant law on corporate crime was culled in sighting past judgment. Findings revealed that; the extant laws that are supposed to protect consumers in Nigeria are not implemented; issues concerning corporate crimes were not well enshrined in several aspects of criminal laws in Nigeria. This paper observed among others that there is no strong willpower by the government in subjecting corporate organizations to
prosecution on the effect of their activities on the income of small and medium businesses operators in the Niger Delta. The paper finally suggested that States must create an environment that is conducive to pursuing corporate crimes cases and many others.

Author Biography

Neeka Igbara, School of Foundation Studies, Kenule Beeson Saro-Wiwa Polytechnic, Bori, Rivers State, Nigeria.



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Published

2021-12-08

How to Cite

Nwanyanwu, H. D., Igbara, N., & Johnny, P. K. (2021). Corporate Crimes and Small-Scale Business in Niger Delta: A Challenge to Nigeria Economy. International Journal of Finance and Management in Practice (IJFMP), 9(2), 39–52. Retrieved from http://icidr.org.ng/index.php/Ijfmp/article/view/615

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