WHY ILLICIT FINANCIAL FLOWS PERSIST IN NIGERIA AND WHAT MUST CHANGE

By Innocent Edemhanria Illicit financial flows (IFFs) are not an abstract risk for Nigeria. They are money illegally earned, transferred or used across borders through corruption, tax abuse, trade manipulation, fraud, money laundering and Illegal markets like trafficking in drugs, arms, persons etc, smuggling or cybercrime. Court records show that such flows have occurred, while official estimates indicate a loss large […]