To check Illicit Financial Flows (IFFs) in Nigeria and other African countries, experts have said that government needs to intensify efforts on regulatory frameworks to curb such criminal acts.

This depends on an enabling legal framework for independent leadership, implementation of strong ethical guidelines with standardised operational procedures...

To Conserve $18b, Address Licensing, Contract Scams Challenges of Illicit Financial Flows (IFFs), hovering around $18b, being lost yearly, as well as growing contract scams in the extractive sector may by addressed soon going by attempts by the Federal Government to enforce the Extractive Industries Transparency Initiative (EITI’s) guideline on Beneficial Ownership register. The initiative,…

Oxfam, a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, has called on the National Assembly to enact a law that would totally criminalize actions of banks,....

Nigeria, and indeed Africa is haemorrhaging in an organised crime, which is aided by the elites, multinational companies and modern technologies.

Illicit Financial Flows in Nigeria is an offspring of corruption that its existence is denied by a government that said that its biggest mandate is fighting corruption.

As the name implies, illegal financial flows are funds laundered by individuals or groups into another country or destination without the knowledge of the home country.

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said $18 billion of revenue expected to address the nation's under-development is diverted yearly in illicit financial flows (IFFs). Presenting a report on "Averting Illicit Financial Flows in Nigeria's Extractive Industry" yesterday in Abuja, NEITI Executive Secretary, Waziri Adio, noted that over 30 per cent of the…

The Nigeria Labour Congress (NLC) has flayed the continuous sales of public utilities by the Federal Government.