•Oil theft, exports under-invoicing, over-invoicing of imports create major leakages
Emmanuel Addeh in Abuja
The Africa Network for Environment and Economic Justice (ANEEJ) and SecFin Africa on yesterday sought stronger collaboration with journalists in the fight against Illicit Financial Flows (IFFs), as Nigeria continues to lose as much as $17.8 billion annually to the illicit movement of funds.
The call was made at a two-day capacity-building workshop for journalists in Abuja aimed at strengthening media participation in exposing financial crimes, promoting accountability and supporting efforts to curb illicit financial flows in the country.
Speaking at the event, SecFin Africa Representative, Prof. Abdullahi Shehu, said the scale of illicit financial flows from Nigeria and the wider African continent remains a major threat to economic development, governance and public welfare.
