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Tag: Money that leaves Africa yearly

ALARMING! $1trn stolen from Africa in 50 years – UN

June 1, 2017Ayo Olowo

The UN Economic Commission for Africa (UNECA) says an estimated 50 billion dollars leaves the shore of the continent illicitly mostly to the Western countries, every year. Mr Adeyinka Adeyemi, a senior adviser at ECA, told newsmen in New York that illicit financial flow had serious negative development impacts on the continent. Adeyemi also said […]

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