President Muhammadu Buhari has disclosed that Nigeria lost an estimated 157.5 billion dollars to illicit financial flows between 2003 and 2012.
The president’s spokesman, Mr Femi Adesina, said Buhari disclosed this in an address to the High-Level National Side-Event organised by the African Union Development Agency and New Partnership for Africa’s Development.
The event was organised in collaboration with the Economic and Financial Crimes Commission on Wednesday in New York, on the margins of the 74th United Nations General Assembly.
The theme of the event was; “Promotion of International Cooperation to Combat Illicit Financial Flows and Strengthen Good Practices on Assets Recovery and Return to Foster Sustainable Development.” Read more