President Muhammadu Buhari
President Muhammadu Buhari

President Muhammadu Buhari has called on the intelligence community in Africa to tighten the loop against illicit financial flows, just as he attributed rising security challenges to sponsorship by those who profit from illegal financial activities.

The president gave the task at the opening session of the 16th Conference of the Committee of Intelligence and Security Services of Africa in Abuja on Thursday.

President Muhammadu Buhari at the 16th Conference of the Committee of Intelligence and Security Services of Africa in Abuja

Buhari observed development and stability on the African continent had been undermined by illicit outflows estimated to be about 60 billion dollars annually.

Buhari noted that the theme for the conference, “Illicit Financial Outflows from Africa and its impact on National Security and Development,’’ was most timely.

He urged stakeholders from the intelligence community of the 52 African countries to create a template of risk factors and actionable strategies and give priority to examining the links between crime and instability on our continent.