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Nigeria loses $18b annually to tax evasion, money laundering, others - CISLAC

By Bose Adelaja Against the backdrop of corrupt practices in Nigeria, Civil Society Legislative Advocacy Center CISLAC, on Tuesday, lamented rising increase in corruption in Nigeria saying the country loses about $18b annually to tax evasion, money laundering and other related offences especially outside the country. Speaking in Lagos, at a media workshop for investigative journalists on “Effective Reporting of the Asset Recovery and Management System in Nigeria,” which took place in Ikeja G.R.A, CISLAC Executive Director, Auwal Ibrahim Musa (RAFSANJANI) said the $18b according to International financial intelligence has rated Nigera the worst in illicit financial flows offenders in Africa, in terms of elaborate international fraud schemes.

Breaking News | Nigeria loses $18b annually to tax evasion, money laundering, others – CISLAC

By Bose Adelaja Against the backdrop of corrupt practices in Nigeria, Civil Society Legislative Advocacy Center CISLAC, on Tuesday, lamented rising increase in corruption in Nigeria saying the country loses about $18b annually to tax evasion, money laundering and other related offences especially outside the country. Speaking in Lagos, at a media workshop for investigative journalists on “Effective Reporting of the Asset Recovery and Management System in Nigeria,” which took place in Ikeja G.R.A, CISLAC Executive Director, Auwal Ibrahim Musa (RAFSANJANI) said the $18b according to International financial intelligence has rated Nigera the worst in illicit financial flows offenders in Africa, in terms of elaborate international fraud schemes.

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