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MBAMA & Associates LLC is a world renowned expert on Anti Money Laundering/Counter Terrorist Financing/Bank Secrecy Act/Office of Foreign Asset Control and various states laws and regulations. Our vision is to be the best resource for our clients to be compliant with AML/CFT/BSA/OFAC and various states laws and regulations.

The Slow Economic Emancipation of Alaigbo

Submitted by mbamabob on Wed, 03/25/2015 - 10:46

Since the Biafra-Nigeria war ended Alaigbo has been under tremendous manipulation by forces who fear that a resurgence Alaigbo is a threat to the unity of Nigeria. This more than any other machination has contributed to the economic malaise of Nigeria. Furthermore, the behind the curtain agreement by the winners made it difficult for Alaigbo to experience the type of federal presence both in terms of federal industrial allocation and infrastructural development that are prevalent in other regions.

The Role of Ndiigbo in the Diaspora in the Development of Alaigbo

Submitted by mbamabob on Sun, 09/20/2015 - 18:33

Economic development is the means through which a society improves its standard of living. According to Joe Summers of Auburn University, it has been defined as “The process by which a community creates, retains, and reinvests wealth and improves the quality of life”. Economic development should be holistic in nature if the desired outcome is to be realized.

ONLINE INTERVIEW by a Nigerian News Paper

Submitted by mbamabob on Sun, 09/20/2015 - 19:03

Can we meet you sir? Who is Amadiebube Mbama? Amadiebube Robert Mbama is an Anti Money Laundering/Anti Terrorist Financing/Bank Secrecy Act/Office of Foreign Asset Control consultant resident in the United States of America. Amadiebube retired as a Supervisor of Financial Institutions with the State of California. Amadiebube was a former online faculty member of Accounting and Finance classes at the University of Phoenix. He is also currently the Chairman of the Institute of Chartered Accountants of Nigeria USA District Society.

Igbo Economic Road Map

Submitted by mbamabob on Thu, 10/08/2015 - 18:24

Igbo Economic Road Map

Economic Road Map is an economic plan of action that is designed to create a stable economic environment where the people will enjoy economic prosperity with limited economic hardship.

Ndiigbo are people known worldwide for their mercantile ability and as a result will benefit from an economic road map that is designed to harness their economic comparative competitive advantage.

Why the Southeast Needs Economic Road Map

Diaspora Nigerians Remittance, Arbitrage and Leadership Willful Blindness

Submitted by mbamabob on Wed, 08/31/2016 - 21:57

Investopedia described Arbitrage as basically buying in one market and simultaneously selling in another, profiting from a temporary difference. This is considered riskless profit for the investor/trader. It describes Currency arbitrage as the exploitation of the differences in quotes rather than movements in the exchange rates of the currencies in the currency pair. Forex traders typically practice two-currency arbitrage, in which the differences between the spreads of two currencies are exploited.

Interview on Nigeria economy

Submitted by mbamabob on Mon, 03/23/2015 - 14:54

IN THIS INTERVIEW WITH MR AMADIEBUBE ROBERT MBAMA , AN ANTI-MONEY LAUNDERING SPECIALIST (CAMS) , CERTFIED FINANCIAL FORENSICS (CFF), CERTIFIED PUBLIC ACCOUNTANT (CPA), ASSOCIATE CHARTERED ACCOUNTANT OF NIGERIA (ACA), AND ALSO A FINANCIAL CONSULTANT BASED IN UNITED STATES OF AMERICA WITH OUR CORRESPONDENT JUSTIN OZUZU BARES HIS MIND ON A WIDE RANGE OF ISSUES, EXCERPT

 Ribadu's sack has affected our global reckoning on graft war

Money Laundering In Nigeria

Submitted by mbamabob on Mon, 03/23/2015 - 14:56

Money laundering is defined as the process of concealing the existence, illegal source, or application of income derived from criminal or illegitimate activity, and the subsequent disguising of the source of that income to make it appear legitimate (Association of Certified Anti-Money Laundering Specialists - ACAMS).

Why EFCC should not fail Nigeria

Submitted by mbamabob on Mon, 03/23/2015 - 14:58

The Economic and Financial Crimes Commission (EFCC) was established in response to Recommendation 26 of the Financial Action Task Force (FATF). Recommendation 26 states that Countries should establish a Financial Intelligent Unit (FIU) that serves as a national centre for the receiving (and, as permitted, requesting), analysis and dissemination of suspicious transaction report (STR) and other information regarding potential money laundering or terrorist financing.

Corruption – the Monster that has Handcuffed Nigeria

Submitted by mbamabob on Mon, 03/23/2015 - 14:59

Corruption is defined as “the lack of integrity or honesty (especially susceptibility to bribery); use of a position of trust for dishonest gain. (Word.net). It is the unscrupulous use of one’s position to derive profit or advantages.”  In Nigerian context, I will further define corruption as an abuse of privilege conferred on an individual by a family, community or a larger society. The larger society may be town, local government, state or the country as a whole. No country on earth is corruption free.

Money Laundering: The Role of a Forensic Accountant as an Expert Witness

Submitted by mbamabob on Mon, 03/23/2015 - 15:01

This paper was presented by Amadiebube Robert Mbama, MBA, ACA, CFF, CPA, CAMS at the ICAN conference held at the International Conference Center in Abuja, October 13-17, 2008.

Nollywood Oyoyo Nwa – How Did Nigeria Get To This Level

Submitted by mbamabob on Wed, 08/31/2016 - 22:26

Over the weekend we watched one Nollywood movie called Oyoyo Nwa. In this movie the husband was a Chelsea soccer fan, the wife was a Manchester United soccer fan and the son was a Barcelona soccer fan. The family was in perpetual war. One can remove soccer and substitute it with ethnicity or religion or politics and there lies one of Nigeria’s perennial problems.