A Washington-based research and advocacy organisation – Global Financial Integrity in its newly published report, has said out of the 20 biggest exporters of illicit financial flows for decades, Nigeria sits in the 7th position with $19.66bn (N3.047tn).
Not unsurprising to say the least, the report said Nigeria, termed the 7th biggest money launderingcountry in the world, exported N3tn by leaders who had access to the nation’s money between 2000 and 2010.
Co-authored by GFI’s Lead Economist, Dev Kar, and GFI’s Economist, Sarah Freitas, the report is the first by the organisation in incorporating a new, more conservative estimate of illicit financial flows.
