NEWS: AFDB Speaks on Solutions as Nigeria, Others Lose $1.6bn Daily to Illegal Forex

AFDB Speaks on Solutions as Nigeria, Others Lose $1.6bn Daily to Illegal Forex

AFDB said Africa loses more than $1.6 billion per day as a result of illicit money transfers and profit-shifting According to the IMF, Illicit financial flows are cross-border money transfers that have an illegal originFor many years, the IMF has played a significant role in international efforts to halt these unclear and often destabilizing transfers

Henzodaily.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

African Development Bank…

>

Leave a Reply

Your email address will not be published. Required fields are marked *