President Mohammadu Buhari says illicit financial flows, responsible for rising insecurity in Africa

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Buhari

President Muhammadu Buhari has said that a major cause of insecurity in Africa is the free flow of illicit funds on the continent.

Speaking at the 16th Conference of the Committee of Intelligence and Security Services of Africa yesterday in Abuja, the President called on the intelligence services to trace and block such funds and the sponsors of terror activities.

He put the estimate of such illegal funding of crime and outflows from Africa around $60billion annually.