President Muhammadu Buhari has called on security agencies in Africa, especially the intelligence community, to tighten the loop against illicit financial flows. He also attributed rising security challenges to sponsorship by those who profit from illegal financial activities.
President Buhari made the remark in a keynote address at the opening session of the 16th Conference of the Committee of Intelligence and Security Services of Africa (CISSA), in Abuja today.
President Buhari, according to a statement by the Special Adviser on Media and publicity, Femi Adesina, said development and stability on the African continent has been undermined by illicit outflows estimated to be about sixty billion US dollars annually.
President Buhari noted that the theme for the conference, “Illicit Financial Outflows from Africa and its impact on National Security and Development,’’ is timely.
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.
The President also challenged the conference to put measures in place that will ensure terrorists and criminals are denied access to financial systems.
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