English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Attracting foreign private capital investment intricately revolves round the attractiveness and condusiveness of the domestic environment of the recipient. From the 1980s, the Nigerian economy was characterised by rapid industrial declines, depicted foreign exchange earnings, political instability and policy inconsistency and collapse in infrastructural facilities as well as the scourge of commercial and financial frauds; all which made the commercial environment not conducive not only for foreign investors, but also for the local ones. Consequently, government adopted economic diplomacy in 1988 as one of the modalities for attracting foreign investors and for managing the huge external debt crisis. This was backed up a fundamental review of Nigeria’s industrial policy was made in 1989 and 1995, which provided greater incentives for foreign investors’ participation. Despite these, the question of unfavourable commercial environment, particularly the scourge of financial and commercial frauds remained one of the major challenges. While American private sector made significant investment in other African countries like Egypt and South Africa, but deliberately ignored the Nigerian markets because of the problem of frauds; among other considerations. This paper examines the challenges of financial and commercial frauds on American private capital in the Nigerian economy between 1990 and 2003

The Scourge of Financial Frauds in Foreign Investments: The Prespective of Nigeria- U. S. Bilateral Trade, 1990-2003