Africa Loses $80b To Illegal Cash Flows, Says Ex-South African President
Buhari and Mbeki/

Ex-South African President Thambo Mbeki has said the African continent loses $80 billion to illegal financial outflows every year.

Mbeki revealed this on Thursday in Abuja during a visit to President Muhammadu Buhari.

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He lamented that the development portends grave dangers for the continent’s growth and advancement.

Also speaking, the Minister of Finance Zainab Ahmed noted that a global collaboration against illegal financial annual flows should lead to ease of repatriation of such funds.