Illicit flows – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 30 Dec 2024 17:43:06 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Illicit flows – InfoStride News https://www.theinfostride.com 32 32 Nigeria and Other African Countries Lose $1.6bn Daily to Illicit Financial Flows – AfDB https://www.theinfostride.com/nigeria-and-other-african-countries-lose-1-6bn-daily-to-illicit-financial-flows-afdb/ https://www.theinfostride.com/nigeria-and-other-african-countries-lose-1-6bn-daily-to-illicit-financial-flows-afdb/#respond Mon, 30 Dec 2024 17:43:06 +0000 https://www.theinfostride.com/?p=399238 The African Development Bank (AfDB) has revealed that African countries, including Nigeria, are losing an estimated $1.6 billion daily due to illicit financial flows (IFFs). These outflows, which include illegal tax evasion, corrupt practices, and the movement of illicit funds across borders, have detrimental effects on the continent’s economic stability, development prospects, and efforts to [...]

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