Financial Intelligence And Crime Reduction In Tarka Local Government Area Of Benue State, Nigeria
Terhemba Aondowase, Christopher Eraye Michael, Terhile Jude Ahoo
Keywords: Crime reduction, Financial intelligence, Financial literacy, Investment knowledge
Abstract
Financial intelligence enhances individuals’ capacity to analyze financial situations and manage resources effectively, thereby reducing the likelihood of economic distress that may lead to poverty, excessive debt, bankruptcy, and involvement in criminal activities. This study examines
the relationship between financial intelligence and crime reduction in Tarka Local Government Area of Benue State, Nigeria. It specifically investigated the effects of financial literacy and investment knowledge on
crime reduction in Tarka Local Government Area. The study was guided by the financial literacy theory. A total of 388 respondents participated in the research. Data were collected using a structured questionnaire and in-depth interview. Descriptive statistics and narrative statements were used to present the data, while Linear Regression was employed to test the hypotheses. Findings revealed mixed perceptions regarding the availability of opportunities to gain financial literacy skills in the study
area. Results further showed that adequate financial knowledge reduces
the probability of resorting to illegal activities such as theft, scams, human
trafficking, money laundering, and drug abuse, while investment knowledge helps individuals avoid situations that could expose them to
crime victimization. The study recommends the implementation of
community-based financial literacy workshops and outreach campaigns
aimed at educating residents on personal finance, investment opportunities, and fraud prevention in order to promote safer and economically resilient communities.
Author Biography
Terhemba Aondowase
Department of Sociology, Federal University of Lafia – Nigeria
Email: [email protected],
Christopher Eraye Michael
Department of Sociology, Federal University of Lafia – Nigeria
Email: [email protected]
Terhile Jude Ahoo
Department of Sociology, Rev. Fr. Moses Orshio Adasu University, Makurdi – Nigeria
Email: [email protected]