Anti-corruption and elections / EFCC
Olukoyede Decries $88.6billion Lost to Illicit Financial Flows Annually in Africa
The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Olanipekun Olukoyede, has disclosed that a whopping $88.6billion is lost to illicit financial flows in Africa annually. He stated this in Tunis, Tunisia on Thursday, June 27, 2024 while delivering a keynote address at the Pan-African Conference on Illicit Financial Flows (IFFs) and Taxation. Speaking on the theme “Africa’s Tax Agenda in Combatting Illicit Financial Flows: From Words to Action,”, the EFCC’s boss emphasized the grave challenge posed by Illicit Financial Flows to Africa’s economic stability and developmen…
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