illicit Archives | TheCable

UNECA: Africa loses $80bn anually to illicit financial flows

The ongoing 31st ordinary session of the AU executive council in Addis Ababa, Ethiopia, has heard that Africa loses an estimated $80 billion in a year due to illicit financial

Africa won’t need aid if $50bn doesn’t leave illegally every year, says UN

The UN Economic Commission for Africa (UNECA) says about $50 billion illicitly leaves Africa, mostly to the Western countries, on an annual basis. Adeyinka Adeyemi, a senior adviser at ECA, said

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With over ‘350 million illicit weapons’, Nigeria is a breeding ground for terrorism

Nigeria has the highest rate of illicit proliferation of Small Arms and Light Weapons (SALW) with over 350 million or 70 per cent of about 500 million of such weapons.

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