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Nigeria, Other Developing, Emerging Economies Lost US$1trillion To Illicit Financial Flow in 2014—Report
Illicit financial flows (IFFs) from developing and emerging economies kept pace at nearly US$1 trillion in 2014, according to a study released on Monday by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. The report pegs illicit financial outflows at 4.2-6.6 percent of developing country total trade in 2014, the last year for which comprehensive data are …
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