Illicit Financial Flows
Rafsanjani: Shoddy handling of Magu’s arrest casts slur on Nigeria, may hamper asset repatriation
This depends on an enabling legal framework for independent leadership, implementation of strong ethical guidelines with standardised operational procedures...
FG moves to unveil owners, shareholders of extractive companies
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,…
Nigeria, haemorrhaging from organised illicit financial flows
Nigeria, and indeed Africa is haemorrhaging in an organised crime, which is aided by the elites, multinational companies and modern technologies.
Musa: Government aiding illicit financial flows
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.
Nigeria loses $18b yearly to illicit financial flows
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…