BUHARI, OTHER LEADERS DECRY ILLICIT OUTFLOW OF FUNDS FROM AFRICA

Written by on September 26, 2019

President Muhammadu Buhari has joined his Zambian and Ethiopian counterparts in calling for unity among African countries to demand unconditional repatriation of assets stolen from the continent.

The call was made at an event on Illicit Financial Flows held on the sidelines of the ongoing 74th United Nations General Assembly in New York.

According to some estimates, illicit financial flows from Africa is as much as fifty billion dollars annually.

In his address, President Buhari announced that Nigeria alone lost about one hundred and fifty seven point five billion dollars to illicit financial flows between 2003 and 2012.

The president of Ethiopia, Sahlework Zewede and that of Zambia, Edger Lungu, also highlighted some challenges faced by African governments.

President of the UN General Assembly, Ambassador Tijani Muhammad-Bande, pledged the support of the organ to member states and organizations that seek the return of stolen money hidden abroad.


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