Africa Loses $555.6bn to Illicit Financial Flows Yearly

Illicit financial flows from Africa cost the continent roughly $555.6 bn (N88.73 trillion) annually over the past decade, Global Financial Integrity (GFI) has said.
The group said as African leaders converge on Washington this week for the historic US-Africa Leaders Summit, the Obama administration and Heads of State from across the continent should prioritize efforts to curtail illicit financial flows from Africa. Continue Reading