Contact Us

For Marketing, Sales and Subscriptions Inquiries
Rockefeller Center, 45 Rockefeller Plaza
20th Flr Unit #5, New York, NY 10111
United States

Conference List

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

Share :

Article History:

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


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.


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


Adams, O.A., 2010. Risk management practices in IS outsourcing: An investigation into commercial banks in Nigeria. International Journal of Information Management, 24(2): 176-180.

Alex, M., 2010. Deterrence: The legal threat in crime control. Chicago, IL: University of Chicago Press.

Aremu, M.A. and Y.A. Ahmed, 2011. An investigation of security and crime management in developing society: The implications for nigeria democratic set-up. International Journal of Academic Research in Business and Social Sciences, 3(1): 390-399.

Cohen, L.E. and M. Felson, 1979. Social change and crime rate trends: A routine activity approach. American Sociological Review, 44(4): 588-608.Available at:

Daniel, O., 2006. Social inequality, collision & armed robbery in Nigerian Cities. British Journal of Criminology, 29: 21-34.

Ebele, J., 2012. Bank robbery and criminality dimension in banking: The offence and the offenders. Security Journal, 10(1): 63-65.

Federal Bureau of Investigation, 2016. A Summary of the Legislation on Cybercrime in Nigeria, Legislative & Government Relations Unit, Public Affairs Department. ATM skimming. Available from [Accessed September 24, 2019].

Hassan, A.B., F.D. Lass and J. Makinde, 2012. Cybercrime in Nigeria: Causes, effects and the way out. ARPN Journal of Science and Technology, 2(7): 626-631.

Maitanmi, O., S. Ogunlere and S. Ayinde, 2013. Impact of cyber crimes on Nigerian economy. The International Journal of Engineering and Science, 2(4): 45–51.

Michael, A., A. Boniface and A. Olumide, 2014. Mitigating cybercrime and online social networks threats in Nigeria. Proceedings of the World Congress on Engineering and Computer Science WCECS 2014, 1: 22–24.

Moses-Òkè, R.O., 2012. Cyber capacity without cyber security: A case study of Nigeria’s national policy for information technology (NPFIT). The Journal of Philosophy, Science & Law, 12(1): 1-14.Available at:

Ndible, N., 2016. Practical application of cyber crime issues. Available from [Accessed September 24, 2019].

Okeshola, F.B. and A.K. Adeta, 2013. The nature, causes and consequences of cyber crime in tertiary institutions in Zaria-Kaduna state, Nigeria. American International Journal of Contemporary Research, 3(9): 98-114.

Olumide, O.O. and V.F. Balogun, 2010. E-crime in Nigeria: Trends, tricks, and treatment. The Pacific Journal of Science and Technology, 11(1): 343-355.

Otu, S.E., 2010. Armed robbery and armed Robbers in contemporary Nigeria: The social learning and model visited. International Journal of Criminology and Sociological Theory, 3(2): 438-456.

Parthiban, L. and R. Raghavan, 2014. The effect of cybercrime on a bank’s finances. International Journal of Current Research and Academic Review, 2(2): 173-178.

Roberts, E.R., 2013. The social organisation of Armed Robbery. In William A., R. (Ed.).(Deviant Behaviour and social process. Chicago: Rand McNally College. pp: 449 – 513.

Salawu, U.B., 2010. Critical issues in the management of information systems in Nigeria banks: Empirical study. International Journal of Business Information Systems, 3(1): 63 -72.

Shah, S.A., 2012. Assessing the impact of CCTV. (Home, Office Research Study No. 292). London, UK: Home Office Research, Development and Statistics Directorate.

Smith, J., 2012. Crime in developing countries: A comparative perspective. New York: John Wiley and Sons.

Stone, S., 2011. The relation of felonies to environmental factors in indianapolis. Journal of Social Forces, 10: 498-509.Available at: 10.2307/2569897.

Wada, F. and G.O. Odulaja, 2012. Electronic banking and cyber crime in Nigeria - a theoretical policy perspective on causation. African Journal of Computer and ICT, 4(1): 69-82.


Google Scholor ideas Microsoft Academic Search bing Google Scholor


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.


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

Related Article

( 1 ) Contracting Out: What Works, What Doesn’t and Why?
( 2 ) Acquisition of Personal Assets Through Loan Bank and Commercial Credit: What’s the Best Option?
( 3 ) Technological Innovation in Central and Eastern Europe: What’s the Contribution of Innovation Policy?
( 4 ) What Drives Banking Stability? Empirical Evidence from ECOWAS Countries
( 5 ) What are the Contextual Influences of Bank Criminality in Osun East Senatorial District?
( 6 ) Management of The CFA Franc: What are the Fundamentals of the Real Exchange Rate in West African Economic and Monetary Union (WAEMU)?
( 7 ) What Explains the Overwhelmingly Positive Perception towards Microfinance Institutions? Application of Firth’s Logistic Regression in a Small Sample
( 8 ) Central Bank Independence and Economic Growth of Ghana: What Inflation and GDP Per Capita Growth Rates Matter?
( 9 ) Local Governments and the Conundrum of Service Delivery in Nigeria: What Policy Implications?
( 12 ) The Role of Bank Loans in Monetary Policy Transmission in Malaysia
( 13 ) Attributes Influencing Strategic Alignment in the Service Sector: An Indonesian Banking Sector Case Study
( 14 ) Micro-Credits and Poverty Reduction in Dar-Es-Salaam, Tanzania: A Case Study of Dar-Es-Salaam Commercial Bank
( 15 ) Profit And Loss Sharing As an Offshoot for Bank Stability: A Comparative Analysis
( 16 ) The Total Factor Productivity of Libyan Banks, 2004 – 2010
( 17 ) The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks
( 18 ) The Mediating Effect of Market Orientation on the Relationship between Entrepreneurial Orientation Dimensions and Organizational Performance: A Study on Banks in Libya
( 19 ) Measuring the Quality of Islamic Banks Services and Its Impact on Customers Satisfaction A Survey Study on the Islamic Banks Customers in Lattakia-Syria
( 20 ) Investigating the Demand of Small Hotel and Restaurant Businesses for Bank Financing: The Case of Turkey
( 21 ) Measuring Efficiency in Banks: A Brief Survey on Non – Parametric Technique (Data Envelopment Analysis)
( 22 ) Appointment of Directors and Performance of Deposit Money Banks in Sub Saharan Africa: Do We Need More Executive or Non-Executive Directors?
( 24 ) Market Share and Profitability Relationship: A Study of the Banking Sector in Nigeria
( 25 ) The Effect of Personal Factors on the Customer Rating of the Quality of Services of the Islamic Banks Operating in the Syrian Coast
( 26 ) Relevance of Stakeholders Theory, Organizational Identity Theory and Social Exchange Theory to Corporate Social Responsibility and Employees Performance in the Commercial Banks in Nigeria
( 27 ) Financial Tables Reports Gaps in Jordanian Islamic Banks
( 28 ) Effects of Corporate Social Responsibility on Banks Financial Performance in Nigeria: A Study of United Bank of Africa
( 30 ) Electronic Banking Innovations and Selected Banks Performance in Nigeria
( 31 ) The Effect of Internal and External Factors of Companies on Profitability and its Implications on Stock Price Index of State-Owned Banks
( 32 ) Depositors Confidence and Mergers and Acquisitions: The Nigerian Banking Sector Experience
( 33 ) Sectoral Credit Allocation of Deposit Money Banks and Poverty Reduction in Nigeria
( 34 ) Profitability of Commercial Bank on Interest Rate Deregulation
( 35 ) Determinants of Banks Profitability & Liquidity and the Role of BASEL III in Islamic & Conventional Banking Sector of Pakistan: A Case Study of NBP
( 36 ) Analysis of Effect of Profitability, Capital, Risk Financing, the Sharia Supervisory Board and Capabilities Zakat in Islamic Perspective with Circular Approach Causastion on Islamic Banks in Indonesia
( 37 ) Analyzing the Financial Soundness of Kuwaiti Banks Using CAMELS Framework
( 38 ) Consumers’ Behavioural Intention to Adopt Mobile Banking in Rural Sub-Saharan Africa Using an Extension of Technology Acceptance Model: Lessons from Zimbabwe
( 40 ) Determinants of Financial Performance and its Impact on the Growth of Islamic Bank Assets on Indonesia
( 41 ) Financial Inclusion and Poverty Alleviation: The Contribution of Commercial Banks in West Africa
( 42 ) Interest Rate Ceilings and Financial Exclusion in Kenya: Evidence from Commercial Banks’ Sectoral Credit Distribution
( 43 ) The Effects of Macroeconomic Variables on Bank Default: A Case Study in Brazil
( 44 ) Change Management and Firm Performance of Selected Deposit Money Banks in Owerri, Imo State, Nigeria
( 45 ) Financial Risks in Turkish Banking Industry: A Panel Data Analaysis on Istanbul Stock Exchange
( 46 ) Factors Influencing Profitability of Commercial Banks in Tanzania: A Case Study of CRDB Bank Plc
( 48 ) On the OCC Announcement Allowing US Banks to Use Stablecoins and the Immediate Impact on Cryptocurrency Valuations
( 49 ) The Relationship Between Market Share and Profitability of Ghanaian Banks
( 50 ) Facing the Challenges of Covid-19 in the Egyptian Banking Sector: The Role of Bricoleurs in Achieving Organizational Innovations via Learning through Improvisation
( 51 ) Performance Evaluation of Chinese Commercial Banks Based on the Malmquist Index