Africa:Nigeria, Others Lose U.S.$80 Billion to Illicit Financial Outflows Annually

[Leadership] Former President of South Africa, Thabo Mbeki, yesterday disclosed that Nigeria, South Africa and other African countries lose an estimated amount of $80 billion to illicit capital outflows every year. Mbeki also called for urgent kick against the illicit financial loss and its resultant cut on public wealth by the global community. He made the remarks as the guest speaker at the African Union high level panel on illicit financial flows from Africa held in Abuja, yesterday. Also speaking at the continental

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