Nigeria Calls For Cooperation Against Illicit Financial Flows

With Africa estimated to be losing over U.S.$80 billion annually through illicit financial flows, the Nigerian government has called for international cooperation to combat the trend and strengthen practices on asset return. Illicit financial flows are regarded as illegal capital flight that occurs when money is illegally earned, transferred, or spent.

Photo: Shell

Oil sector tops U.S.$218 billion illicit financial flows from Nigeria.

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