Okonjo-Iweala advocates blocking illicit funds transfer from Africa –

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, who represented President Goodluck Jonathan at the forum called for a halt in illicit funds transfer from Africa. – According to a recent report of the African Union and the UN Commission for Africa, the continent is losing more than $50bn every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax Read more