Panel Discussion: 'Financial and economic crime in the Global South'

Past Event

01 November 2022, 5:00pm - 6:30pm

Oxford Martin School & Online
34 Broad Street (corner of Holywell and Catte Streets), Oxford, OX1 3BD

Event Recording:

Illicit financial activities undercut economic growth across Global South countries and hinder development efforts.

This event will critically examine whether the current global financial regulatory framework is best suited to effectively combat financial and economic crime in the Global South. We will discuss recent trends in financial and economic crime, the evolving global standards and their implementation challenges in the Global South, and the unintended consequences of implementing global standards across different contexts.

Our speakers are distinguished scholars and practitioners with extensive experience in this field. They have recently established the Global South Dialogue on Economic Crimes Network (GSDEC), an interdisciplinary platform for advancing dialogue, research and capacity on economic and financial crimes. The Network’s mission is to inform, influence, and improve researchers’ and stakeholders’ involvement in deliberations to curb illicit financial activities.

This is a joint event with the Oxford Martin Programme on African Governance

Adeyemo Folashade

Dr Folashade Adeyemo
Assistant Professor in Law, University of Reading

Dr Folashade Adeyemo is an Assistant Professor in Law at the University of Reading, where she teaches both Company Law and Banking Law at the Undergraduate level. She is also the Co-Director for Admissions and Recruitment for the School of Law.

She has published in the field of banking and financial regulation, and has specific interests in bank insolvency, company law and whistleblower protection. Her research touches on these issues predominately from the global south perspective. Her most recent journal article was published in the Journal of Business Law (2020), where she considers whether whistleblowers are adequately protected under the Public Interest Disclosures Act 1998. Her much anticipated monograph, titled Banking Regulation in Africa: The Case of Nigeria and Other Emerging Economies was published by Routledge in 2022. The books' core jurisdiction focus is Nigeria; however, it also provides a holistic overview of the South African and Kenyan banking regulatory environments.

Fola is a contributor to a recently published commercial law book titled Principles in Commercial Law (Edward Elgar 2022). She is also the co-editor of the forthcoming edited collection, titled Bank Insolvency Law in Developing Economies (Routledge 2022) (With Dr Kayode Akintola); and is currently writing her second monograph, titled Financial and Economic Crime in Africa: Regulatory Responses in Nigeria and Kenya.

Azinge Egbiri

Dr Nkechi Azinge-Egbiri
Senior Lecturer, School of Law, University of Lincoln

Dr Nkechikwu Valerie Azinge-Egbiri is currently a Senior Lecturer at the School of Law, University of Lincoln. At Lincoln, she teaches International Financial Services Regulation, International Economic Law, Company and Contract Law.

Her research interest is in the field of financial services regulation, specifically on anti-money laundering and counter-terrorist financing (AML/CFT). Dr Azinge Egbiri's research focuses on the relationship between global financial crime regulation and development, as well as the anti-money laundering compliance trajectory of emerging economies.

Her interest in this area culminated in her recent book titled, Regulating and Combating Money Laundering and Terrorist Financing: The Law in Emerging Economies (Routledge 2021). This book is the first of its kind that highlights the paradoxical implications of the global AML/ CFT standards on emerging economies and challenges the justification for a uniform benchmarking framework. Her first monograph engineered her first co-edited book project, Global Anti-Money Laundering Regulation: Developing Countries Compliance Challenges. (Routledge, 2022).

Focused on leading impactful research and facilitating dialogue on financial crime regulation in the global south, Dr Azinge-Egbiri founded the Global South Dialogue on Economic Crime (GSDEC). Recently, she was appointed by the United Nations as a member of its Knowledge Network for Africa and is a member of the Society for Legal Scholars.

Malala Joy

Dr Joy Malala
Assistant Professor, University of Warwick

Dr Joy Malala is an Assistant Professor at the University of Warwick where she has a special interest in researching financial regulation and supervision, the legal accountability of regulators, corporate governance, as well as the regulation of financial innovation and technology. She particularly researched the legal and regulation of mobile payment systems which she examines in her book, Law and Regulation of Mobile Payment Systems: Issues Arising 'post' Financial Inclusion in Kenya.

This book is a first of its kind, addresses the legal and regulatory issues arising out of the introduction of mobile payments in Kenya and its drive towards financial inclusion. It considers the interaction between regulation and technological innovation with a particular focus on the regulatory tools, institutional arrangements, and government decisional processes through the assessment as a whole of Kenya's regulatory capacity. It also addresses the vulnerabilities presented by technological innovation for consumers after financial inclusion.

She moreover researches financial sector reform through the consideration of the role of Central banks, and systemically important financial institutions and their impact on emerging economies

Miyandazi Luckystar

Luckystar Miyandazi
Coordinator, Tax Inspectors Without Borders, UNDP

Luckystar Miyandazi is the Coordinator for Tax Inspectors Without Borders at UNDP and Coordinator for Africa, UNDP Africa Financial Sector Hub, South Africa.

Luckystar holds a Master's degree (distinction) from the Universita Cattolica del Sacra Cuore - ASERI in Milan, Italy, and an MSc in Taxation at the University of Oxford, where she was a Field Court Tax Chambers scholar at the Oxford Law Faculty.

Otudor Lovina

Dr Lovina Otudor

Called to the Nigerian Bar 17 years ago, Lovina Otudor had a brief feel of private legal practise before moving to the Cross River State Ministry of Justice, Nigeria where she rose to the position of Deputy Director.

Lovina Otudor holds a master’s degree and a PhD from the Institute of the Advanced Legal Studies, University of London. Her research interest includes Corporate Governance, Financial regulation, Financial Crime, Economic Law among others with a bias on developing economies and the need for creating a conducive and level playing field on international regulatory matters. She was the editor-in-chief of the IALS Student Law while at the Institute of Advanced Legal Studies. She has been a guest lecturer at several UK universities and has published articles to her name.

Ricardo Soares De Oliveira

Professor Ricardo Soares de Oliveira (Chair)
Director, Oxford Martin Programme on African Governance

Ricardo Soares de Oliveira is Professor of the International Politics of Africa at the Department of Politics and International Relations, University of Oxford, Official Fellow of St Peter's College, and a Fellow with the Global Public Policy Institute, Berlin.

His research interests include African politics (particularly West and Central Africa), the geopolitics of energy and international political economy, especially in the fields of natural resource extraction, state decay and post-conflict reconstruction.