This article, published by New Mail decries the endemic rate of corruption, tax evasion, money laundering and illicit financial flows within the African sub-region. It cites Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission, EFCC’s remarks at the occasion of an international tax conference and capacity building workshop on the use of beneficial ownership information and recovery of assets in Africa holding at the Congress Hall, Transcorp Hilton Hotel, and Abuja. The conference ran under the theme “Nigeria leads the fight against money laundering, bribery, corruption and tax evasion” jointly organized by the Nigerian Financial Intelligence Unit, NFIU, and the Federal Inland Revenue Service, FIRS, in collaboration with the United Nations Office on Drugs and Crime (UNODC) and the World Bank Group (WG).
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