Tag
ILLICIT FINANCIAL FLOWS
The Ministry of Finance has announced a strategic collaboration with the Organisation for Economic Co-operation and Development (OECD) to address illicit financial flows and strengthen Nigeria’s economic framework.
EFCC Chairman recommends blockchain, AI for tracking and recovering $88.6 billion stolen from Africa
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, has called for the use of blockchain technology and artificial intelligence to track and recover $88.6 billion stolen from African countries annually through illicit financial flows (IFFs).
Executive Chairman of FIRS, Babatunde Fowler, has encouraged African nations to find a way to stop illicit foreign flow in their countries.
President @MBuhari has revealed that Nigeria lost 157.5 billion dollars to illicit financial flows between 2003 and 2012.