Checking illicit financial flows

Based on the Central Bank (CBN) interbank exchange rate of N306 to one dollar, the $157.5billion will be N48trillion. The amount is more than Nigeria’s total budgets from 2015 to 2020, and almost twice the country’s debt stock put at N25trillion as at August 2019. Illicit financial flows are a form of illegal capital flight […]

Nigeria, hemorrhaging from organised illicit financial flows

Nigeria and indeed Africa is hemorrhaging in an organised crime, which is aided by the elites, multinational companies, and modern technologies. Though blessed with huge resources, the management of these natural endowments has become the leading cause of the challenge confronting the nation and the continent. While the continent has found it difficult to add […]