01159nam a2200109   4500100003000000245008200030260006400112300000800176520072300184650002900907856011300936  aby Kar,D and Spanjers, J.  aIllicit Financial Flows from Developing Countries( 2004-2013) : Appendix Data  aUnited States of AmericabGlobal Financial Intergrityc2016  a7p.  aThis is a full alphabetical computation of illicit financial outflows data figures from the Global Financial Integrity’s latest quarterly assessment report. The figures reveals that the Economic Community of West African States (ECOWAS) lost a total of  $268 billion to illicit financial flows within a 10 year period from 2004 to 2013 according to an analysis by Ghana Business News’s Dogbevi,E. Nigeria suffered the biggest hit, with a loss of over $178 billion, being part of which has led to the worst economic recession in its history. Bribery and negligence of duty constitute some of the means that have sustained the loss in the past 10 years. The loss is therefore, approximately a colossal 78 per cent.

  aIllicit Financial Flows   uiffoadatabase.trustafrica.org/iff/Appendix-Data-IFFs-from-Developing-Countries-2004-2013-FINAL ECOWAS-1.xlsx