Abstract
Flowing from a careful analysis of earliest forms of Financial Crimes in Nigeria Petroleum Industry to 1914 (the year of amalgamation, first Oil Mineral Act, and the importation of the Criminal Code for Southern Nigeria and the Penal Code for Northern Nigeria); when examined in conjunction with the history of Financial Crimes in the United Kingdom, it is obvious that Britain have had to find ways of dealing with Financial Crimes in their country over much longer period of time than Nigeria, it follows therefore that it is only reasonable to seek to emulate or adopt the positive side of the long experience of legal and institutional
frameworks of Financial Crimes Management in the United Kingdom. What then are these experiences that we can learn from to enable us to improve the effectiveness and efficiency of the Nigerian laws and institutions charged with the responsibility of Financial Crimes Management in the Petroleum Industry. These lessons therefore form the major gravamen of this paper.
Key Words: Petroleum Industry, Corruption, Financial Crimes, Managing; Nigeria, United Kingdom.
