NEITI Seeks Review Of Law To Tackle Illicit Financial Flows
The Nigeria Extractive Industries Transparency Initiative (NEITI) has begun consultations with the National Assembly to strengthen the law setting up the agency to tackle issues of actual ownership of assets in the oil and gas...
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;...
FACTI Panel and the Illicit Financial Flows Menace, by Abubakar Usman
To say that global finance is currently skewed in a manner that allows tax abuses, corruption, and illicit financial flows (IFFs) to flourish would be stating the obvious. This is because of obvious gaps,...
Stakeholders Reprimand CBN Over $17bn Illicit Financial Flows
Illicit Financial Flows (IFFs) out of Nigeria may not subside unless the Central Bank of Nigeria (CBN), takes a bold step in designing preventive measures and enforcing regulations that would curb commercial banks and individuals arbitrariness engaged...
Nigeria loses $17bn Yearly To Illicit Financial Flows
CBN Governor, Godwin Emefiele Transparency International (TI) and Civil Society Legal Advocacy Centre (CISLAC) have said that Nigeria is losing an estimated $17bn annually to illicit financial flows due to the federal government’s failure to honour its...
Nigeria Lost $157.5bn To Illicit Financial Flows, Says Buhari
President Muhammadu Buhari has said that $157.5bn was stolen from the country between 2003 and 2012.
He blamed the illicit financial flows on corruption.
Buhari spoke in New York at the high-level national side-event organised by the African...
