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Journal of Social Economics Research

June 2019, Volume 6, 2, pp 188-201

What are the Contextual Influences of Bank Criminality in Osun East Senatorial District?

Taofik, Olatunji Bankole

Taofik, Olatunji Bankole 1


  1. Department of Demography and Social Statistics, Faculty of Social Sciences, Obafemi Awolowo University, Ile-Ife, Nigeria. 1

Pages: 188-201

DOI: 10.18488/journal.35.2019.62.188.201

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Article History:

Received: 13 September, 2019
Revised: 16 October, 2019
Accepted: 26 November, 2019
Published: 02 January, 2020


Abstract:

The threats posed by bank criminality to nation building are such that an emerging nation such as Nigeria must not overlook. In spite of its negative implications, previous studies addressing the menace have either adopted the descriptive approach or focused majorly on reoccurrence of armed robbery during the festive periods. Also, there is a dearth of studies that employed the mix-methods approach and adopted the tripartite analysis technique to examine the causal effect association between bank criminality and its predictors. This study addresses these limitations by asking this question; what are the contextual influences of the various forms of bank criminality in Osun East Senatorial District? The outcome variable of the study was bank criminality, and the explanatory variables were contextual influences and broadly categorised into security mechanisms and human induced factors. Stata version 14 was employed in quantitative data analysis while the qualitative data was analysed using content analysis. Results showed that security mechanisms (X2=17.502; p<0.001; X2=8.467; p<0.037; X2=11.09; p<0.004; X2=7.876; p<0.049; X2=16.233 p<0.001; X2=10.954; p<0.01) and human induced factors(ß = -0.226; t= -4.44; p<0.000; ß = 0.173; t=2.52; p<0.015; ß = 0.147; t=3.87; p<0.007; ß = -0.136; t= -2.56; p<0.013; ß = -0.206; t= -3.53; p<0.001) were predictors of bank criminality The study conclude that bank human induced factors, that is, bank employees’ efficiency and security mechanism functionality are indispensable to curtailing various forms of bank criminalities.
Contribution/ Originality
This study contributes in the existing literature by investigating the contextual predictors of bank criminality beyond the conventional approach; it documents the influences of human induced factors and security mechanisms on bank criminality, as such document provides insights to preventing banks and their customers from losing funds and vital information to criminals.

Keywords:

Bank criminality, Human induced factors, Security mechanism, Contextual influences.

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Funding:

This study received no specific financial support.

Competing Interests:

The authors declare that this study has neither been submitted to other journal(s) for publication nor previously published somewhere else.

Acknowledgement:

The author acknowledged the self-sacrificing efforts of all research assistants that were engaged in field (data collection) aspect of this study.

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