Daily Trust

Africa bleeding with illicit financial flows – Sagay

- By Idowu Isamotu

Chairman, Presidenti­al Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, yesterday asked African leaders to join forces against corruption, saying the continent was bleeding with illicit financial flows.

He was delivering his opening remarks at the 5th African Union Day of AntiCorrup­tion which held virtually.

Sagay, represente­d by PACAC Executive Secretary, Prof. Sadiq Isah Radda, urged African states to speak with one voice to ensure that IFFs and looted funds stashed in other jurisdicti­ons were recovered and repatriate­d.

Chairman, Senate Committee on Anti-Corruption, Sen. Suleiman Abdu Kwari, advised that a futuristic approach be adopted by anti-corruption agencies in tackling corruption­related issues in Africa.

Kwari said money laundering could not be avoided, especially with the amorphous nature.

He charged all anticorrup­tion agencies to put modern technologi­cal measures in place to be a step ahead in the anti-corruption fight.

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