ICPC: Illicit Financial Flows Draining Nigeria’s Resources, Undermining Development
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Dr. Musa Adamu Aliyu, SAN, has warned that illicit financial flows are depriving Nigeria of vital resources needed for development, weakening governance and worsening the economic hardship faced by citizens. Aliyu spoke on Tuesday at the Anti-Corruption Academy of Nigeria in Keffi, Nasarawa State, while flagging off a three-day combined training workshop on Illicit Financial Flows and Money Laundering, alongside the Anti-Corruption Leadership Series. The programme is designed to strengthen the capacity of public officers, civil servants and stakeholders across Ministries, Departments and Agencies to detect, deter and report suspicious financial activities. The ICPC Chairman said the benefits of illicit financial flows accrued largely to a privileged few, while the country bore the cost through lost revenue and reduced public services. He stressed that the fight against corruption must go beyond enf...