President Muhammadu Buhari has called on the intelligence community in Africa to tighten the loop against illicit financial flows.

President Muhammadu Buhari has called on the intelligence community in Africa to tighten the loop against illicit financial flows.
Speaking during the opening session of the 16th Conference of the Committee of Intelligence and Security Services of Africa (CISSA), the president attributed rising security challenges to sponsorship by those who profit from illegal financial activities.
He said the development and stability on the African continent had been undermined by illicit outflows estimated to be about $60 billion annually.
He urged stakeholders from the intelligence community of the 52 African countries to create a template of risk factors and actionable strategies and give priority to examining the links between crime and instability on the continent.
Speaking, Chairman of African Union Commission, Musa Faki Mahamat, said terrorism, radicalization, sponsored by illicit flows, continuously affect growth on the continent, while ethnicity and religious diversities had been exploited for political gains.

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