Africa Losing Over bn Yearly to Illicit Financial Flows, Says ICPC Chair

Africa Losing Over $50bn Yearly to Illicit Financial Flows, Says ICPC Chair

The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Aliyu (SAN), has said Africa loses over $50 billion annually to illicit financial flows, undermining development and crippling public services. Aliyu disclosed this on Wednesday while speaking at the Realnews Magazine 13th Anniversary Lecture Series in Lagos with the theme: ‘Cybersecurity, Illicit…

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Africa Losing Over bn Yearly to Illicit Financial Flows, Says ICPC Chair

Africa Losing $90bn Annually to Imported Substandard Fuel – Dangote

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has stated that Africa loses $90 billion annually to importation of substandard petrol fuel due to lack of refineries in the continent. Speaking during the ongoing West African Refined Fuel Conference held in Abuja, Dangote revealed that, due to the continent’s limited domestic refining capacity, Africa imports…

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South Africans share pain of losing money in online scam

South Africans share pain of losing money in online scam

The fraudsters used the name of a genuine US-registered company to create an illusion of credibility. A number of South Africans have been left devastated after falling victim to an online Ponzi scheme known as Medical Digital Intelligence (MDI). Promising high returns through supposed investments in virtual pharmaceutical products, the scam has swindled citizens out…

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Africa Losing Over bn Yearly to Illicit Financial Flows, Says ICPC Chair

Africa: The Fallout From Losing a UN Job

United Nations — Ten years ago, I lost more than a job. When my post was abolished, there was no warning, no closure, no golden parachute–just a quiet erasure. Overnight, I went from a UN professional with decades of service to an invisible statistic in a system that eats its own. I wasn’t just de-linked…

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