Illicit Funds Draining Nigeria's Revenue, Foreign Reserves - ICPC Boss The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has said Illicit Financial Flows (IFFs) remain a drain on Nigeria’s potential revenue accretion and foreign exchange reserves. He said...

Every Kobo of Nigeria’s Revenue will Count Under Tinubu, Says Aide The Special Adviser to the President on Revenue, Zacch Adedeji, has said the administration of President Bola Ahmed Tinubu will ensure that every kobo of the nation’s revenue counts. He said this at a one-day hybrid...

$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami       The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...

Illicit Financial Flows Will threaten Economic Stability– Finance Minister Illicit financial flows (IFFs), unless checked, will continue to significantly erode domestic revenues, enable corruption, threaten economic stability and sustainable development, divert money from public priorities and hamper government’s efforts to mobilise domestic resources and recover...

Reps Summon NNPC, CBN, FIRS, EFCC, Probe Illicit Financial Flows       The House of Representatives has resolved to invite various departments and agencies of the Federal Government over illicit financial flows in Nigeria. At the plenary on Thursday, the House specifically mandated its committees on Finance; Anti-Corruption;...

COVID-19 Threatens African Countries’ IGR, Others       The coronavirus (COVID-19) pandemic; has threatened African countries’ internally-generated revenues (IGR) thereby impeding their ability to fund essential services in education, health and infrastructure sectors of the economy. According to the 2019 Human Development Report, Africa will not be unable...