Like many other development enthusiasts on the African continent, I was shocked by the recent disclosure made by Prof. Kevin Chika Urama, Vice President of the African Development Bank Group (AfDB), that African countries lose almost $90 billion in illicit financial flows annually and much more in illicit resource flows and resource theft, poorly implemented Read More…
Tag: illicit financial flows
AfDB’s PFMA graduates emerge as torchbearers in Africa’s fiscal management
Public Finance Management Academy sees inaugural cohort’s graduation ceremony with a focus on accountability, transparency, and economic governance. Prof. Kevin Chika Urama, Chief Economist and Vice President of the African Development Bank Group, lauded the significant milestone at the graduation ceremony of the first cohort of the Public Finance Management Academy (PFMA) for Africa. The Read More…
GIABA urges West African states to prioritise prosecution of illicit financial flows
In a bid to combat terrorism financing and tackle financial crimes, the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has emphasised the urgent need for member states to prioritise the prosecution of illicit financial flows. The call came during the 2023 summit for Compliance Officers in West Africa, themed around the “Intersection Read More…