Nigeria: Corruption - Nigeria Loses Over $15 Billion to Illicit Financial Flow Annually - HEDA

26 April 2021

The Human and Environmental Development Agenda (HEDA) Resource center has revealed that Nigeria have been losing about $15 to $18 billion annually as a result of illicit financial flow (IFF).

HEDA also quoted that Nigeria's loss has been accounted for about 30 percent of Africa's loss to IFF which was at $50 billion in the last 10 years, saying it is unfortunate the number may rise as the corrupt practice escalates.

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