A new report by Global Financial Integrity GFI, a United States-based think tank, has revealed that Nigeria lost a total of 77.7 billion to trade-related illicit financial flows IFFs over a period of 10 years, between 2013 and 2022.
IFFs refer to cross-border movements of money or value that are illegally earned, transferred, or utilized encompassing proceeds of crime, corruption, and practices like tax evasion.
