The Acting Chairman of the Economic and Financial Crimes Commission, EFCC Ibrahim Magu says illicit Financial Flows from Nigeria to financial privacy jurisdictions abroad are difficult to recover.
According to the Global Financial Integrity report, the illegal cash flows from Nigeria that ends up in such Safe Havens amounts to about seventeen billion dollars annually.
Magu who spoke at a round-table in Abuja to commemorate the African Union Second Anti-Corruption Day, themed: Towards a Common African Position on Asset Recovery decried that proceeds of corruption from Africa end up in safe havens across the globe.
He said unity among nations in the African continent is critical in demanding the recovery and return of stolen assets.
The EFCC Boss stated that Africa has come to the realization that one person, continent, agency or country alone cannot fight corruption and win.o:p>
