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Africa loses $80bn annually through money laundering

Ihesiulo Grace 17 February 2018 0

…Nigeria, global bodies move to stop Illicit Financial Flows The Minister of Finance, Mrs Kemi Adeosun has said that Africa loses whopping $80 billion annually quoting the report of former South African President Mbeki’s High-Level Panel on IFFs, the Minister said that the money are lost

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Nigeria, other African countries lose $80bn annually to illicit financial flows

Ihesiulo Grace 16 February 2018 0

Nigeria, global organizations, including the Organization for Economic Cooperation and Development (OECD) and the World Bank Group, have agreed on high-level collaborations to check the trend of Africa’s yearly loses amounting to $80bn through Illicit Financial Flows(IFF). Nigeria is said to be the worst hit, with a significant percentage. This was a major resolution

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