How illicit financial flows, affected Nigeria’s development – ICPC boss - Vanguard News

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How illicit financial flows, affected Nigeria’s development – ICPC boss vanguardngr.com vanguardnews

Owasanoye said this at the inaugural meeting of Inter-Agency Committee on Implementation of the Thabo Mbeki Report in Abuja on Friday.The committee is waging war against illicit financial flows from Africa.He said that for the country to develop, government agencies must stop money that was going out.

He said in 2017, the Presidential Advisory Council Against Corruption held its first conference on illegal financial flows and assets recovery as platforms for meeting the Sustainable Development Goals and improving Nigeria’s domestic resources. “Hitherto to the action, there were countries that depended on external support to balance their budget or to fund their programmes.

The ICPC chairman further said that the committee was to establish cooperation among relevant agencies in order to substantially reduce and eliminate illicit financial flow from Nigeria.

 

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