Nigeria lost $40bn to illicit financial flows – Rev. Ugolor

BY EUBALDUS ENAHORO

Rev. David Ugolor, the Executive Director of the Africa Network for Environment and Economic Justice (ANEEJ), has revealed that Nigeria lost nearly $40 billion to illicit financial flows between 2001 and 2010, contributing to the $148 billion stolen annually across Africa. 

He warned that without stronger asset recovery measures, robust legal frameworks, and…