Anxiety over rising illicit financial flows in Africa

The rising menace of illicit financial flows, IFFs, otherwise known as ‘dirty money’ in the continent of Africa, was one of the hotly debated issues at a week-long conference in Kigali, Rwanda, where speakers after speakers attempted a prognosis of the crisis vis-à-vis its debilitating ills just as they sought a call to action aimed at strengthening the continent’s governance system to build domestic resource mobilisation, reports Ibrahim Apekhade Yusuf just back from Kigali, Rwanda

To any discerning mind, at the centre of Africa’s crisis of underdevelopment is the issue of poor governance process, poor resource mobilisation and corruption at various levels, which is why very many people are agreed that there is indeed a need for a paradigm shift in the way things are being done to get the continent’s growth and development back on an even keel.

Little wonder, organisations like the African Tax Administration Forum (ATAF), which is at

... read more at: http://thenationonlineng.net/anxiety-over-rising-illicit-financial-flows-in-africa/

by