Illicit Financial Flows: Buhari Links Insecurity To Illicit Funds - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
July 18, 2019
President Muhammadu Buhari has called on the intelligencecommunity in Africa to tighten the loop against illicit financial flows, justas he attributed rising security challenges to sponsorship by those who profitfrom illegal financial activities.
The president gave the task at the opening session of the16th Conference of the Committee of Intelligence and Security Services ofAfrica in Abuja on Thursday.
Buhari observed development and stability on the Africancontinent had been undermined by illicit outflows estimated to be about 60billion dollars annually.
Buhari noted that the theme for the conference, “IllicitFinancial Outflows from Africa and its impact on National Security andDevelopment,’’ was most timely.
He urged stakeholders from the intelligence community of the52 African countries to create a template of risk factors and actionablestrategies and give priority to examining the links between crime andinstability on our continent.