19/11/2025
Africa Losing Over $50bn Yearly to Illicit Financial Flows, Says ICPC Chair
Nigeria | 1 hour ago The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Aliyu (SAN), has said Africa loses over $50 billion annually to illicit financial flows, undermining development and crippling public services. Aliyu disclosed this on Wednesday while speaking at the Realnews Magazine 13th Anniversary Lecture Series in Lagos with the theme: ?Cybersecurity, Illicit Financial Flow and Agenda 2063 in Africa.? The ICPC boss described the persistent outflow of illegal funds as one of the most devastating drains on Africa?s development capacity, noting that the lost resources could have been used to build schools, hospitals, roads and other...
