PRESIDENT BUHARI EXPRESSES WORRY OVER THE NATION’S LOSSES DUE TO ILLICIT FINANCIAL DEALINGS.

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President Muhammadu Buhari

President Muhammadu Buhari has made known that Nigeria lost an estimated 157.5Billion Dollars to illicit financial flows between 2003 and 2012.

The President’s spokesman Mr Femi Adesina said that the President made this known in an address to the high-level National side-event organized by the African union development agency and new partnership for Africa’s development.

The event was organized in collaboration with the economic and financial crimes commission on Wednesday in new York, away from the 74th United Nations General Assembly.

While quoting from the 2014 Global Financial Integrity Report, the Nigerian leader noted that such massive loss of assets, result in dearth of resources to fund public services or to alleviate poverty in the country.

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