Corruption and illicit financial flows are different. But they really must be twinned. This is because, for practical purposes, it is an eminently more sensible approach to treat most of the sources of illicit financial flows as corrupt activity, within a broader use of the term.

Tracing, freezing, and return of stolen assets has proved in many cases to be exceptionally difficult for most African countries.

There must be more rigorous enforcement of rules promoting transparency in the international banking and financial systems, especially more stringent KYC rules on customer identity, source of wealth, and even country of origin.

Yemi Osinbajo Quotes