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illicit funds

Buhari tells world leaders to apply strict sanctions against illicit funds, safe havens

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President Muhammadu Buhari has called for stringent actions against perpetrators of illicit financial flows, including crackdown on safe heavens, warning that continuous impunity will encourage more pilfering of countries’ resources to the detriment of poor and vulnerable populace. Speaking at the first edition of the Paris Peace Forum, held on the sidelines of the Centenary […]

Tracking noxious funds: Strategies and techniques for whistleblowing

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Whistleblower

Africa is estimated to have lost over $1 trillion in illicit financial flows (IFFs) within the past 50 years, with drainage of over $50 billion annually. These outflows, according to the African Union and Economic Commission for Africa (AU/ECA) High Level Panel on Illicit Financial Flows (IFFs), refer to “money that is illegally earned, transferred […]