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Experts Say Africa Forfeits $89bn Every Year To Illicit Financial Flows
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By Gloria Ikibah
African economies continue to suffer major revenue losses due to illicit financial flows, with experts estimating that as much as 89 billion dollars slips out of the continent annually.
Specialists from the West African Tax Administration Forum WATAF and Tax Justice Network Africa TJNA highlighted the scale of the challenge during an engagement with lawmakers at the ongoing 2026 First Ordinary session of the Economic Community of West African States Parliament in Abuja on Monday.
They linked the persistent losses to a range of harmful tax practices that continue to undermine public finances across the region. These include tax evasion, aggressive tax avoidance and the manipulation of trade invoices, all of which weaken governments’ ability to generate revenue.
Discussions at the session also focused on how to implement regional tax directives more effectively, with particular emphasis on strengthening domestic resource mobilisation and promoting greater alignment of tax systems across West Africa.
According to the experts, the continent is grappling with a substantial funding gap, with nearly 194 billion dollars needed each year to meet development demands, a shortfall made worse by ongoing financial leakages.
“Africa has a prevalent problem of illicit financial flows, and at least 65 per cent of these could be categorised as commercially-driven.
“The main practices that could lead to IFFs are: tax evasion, tax avoidance, tax misinvoicing and other harmful tax practices.
“These harmful tax practices haemorrhage the available resources that can be used for development of the continent, and Africa loses up to eighty-nine billion dollars annually,” they said, citing a 2020 report.
They also asserted that advancing tax harmonisation within the ECOWAS sub-region presents a strategic opportunity for WATAF to strengthen regional integration, enhance domestic resource mobilisation, and support sustainable development.
“Tax harmonisation is the fiscal backbone of ECOWAS integration. Without it, the region will continue to lose revenue through loopholes, smuggling, opacity, and profit shifting,” they said.
However, they emphasised that the effectiveness of such efforts would depend on strong political commitment, effective national-level implementation, and active parliamentary oversight.
Dr Nita Belemaobgo, Research Manager, WATAF, while highlighting the session’s expected outcomes, said the organisation’s objective was to support ECOWAS’ transition on tax directives aimed at harmonising fiscal policies across member states.
“Regional cooperation and evidence-based tools can significantly enhance accountability and reform outcomes,” she said.
Danicius Sengbeh, WATAF’s Manager, Communications and Information Technology, underscored the importance of setting regional tax harmonisation and domestic resource mobilisation.
He said the ECOWAS Parliament had an indispensable role to play in the oversight function of tax administration, adding that the engagement was about “sovereignty, fairness, accountability and West Africa’s future.”
Dr Zandile Ndebele of TJNA, in her submission, urged the regional MPs to make laws to ensure that local citizens in African countries benefited from domestic resource mobilisation and management.
Speaking on the theme, “Addressing Tax-Related Illicit Financial Flows (IFFs) through Legislative Frameworks and Transparency,” she said:
“It’s possible to introduce legislation for domestic beneficiation to gain more resources and revenues, apart from gaining from just taxes.”
The experts urged lawmakers to adopt a broad and coordinated approach to tackling illicit financial flows, noting that meaningful progress in this area would be critical to strengthening both national and regional revenue generation.
Speaking on behalf of the Tax Justice Network Africa, Solomon Adoga called on parliamentarians to prioritise stronger legal frameworks for the mining sector, emphasising the need for stricter oversight and accountability.
He advised legislators to focus on “strengthening extractive legislation, scrutinising new mining agreements and monitoring tax incentives through cost-benefit analysis.”
He also stressed the importance of safeguarding the continent’s fiscal interests, warning against continued dependence on external systems.
“It’s important that Africa protects its taxing rights. We must look at where we are losing revenue as Africans. We don’t need to be reliant on other countries outside of Africa,” he said.
The experts further encouraged the Economic Community of West African States to deepen tax harmonisation efforts across the region as a way of reducing distortions, curbing unhealthy tax competition and reinforcing economic integration.
They pointed out that progress in tackling illicit financial flows does not necessarily depend on a unified currency, maintaining that countries can retain separate monetary systems while still working together to address the problem.
“There must be local beneficiation in our countries. Africa has been deprived of taxing rights. Multinational companies are not paying their fair share of taxation,” they noted.
In addition, lawmakers were urged to give priority to global tax reforms, improved information exchange and greater transparency, while encouraging member states to draw lessons from advocacy efforts in countries such as Nigeria, Ghana and Côte d’Ivoire.
A representative of the West African Tax Administration Forum, Jonas Igwe, highlighted the need for sustained commitment to make regional reforms effective.
“Effective implementation of tax harmonisation would require political commitment, institutional coordination, digital modernisation, sustained regional cooperation, monitoring and evaluation by national transition committees,” he added.
News
C’River: Pastor allegedly beats 14-yr old girl to death over claims of theft
Tragedy truck in Wula, in Eastern Boki, Boki local government area of Cross River state when a pastor allegedly beat a 14-year-old girl, Nancy Peter to death.
The incident sparked outrage after allegations that she was first beaten by her mother and later flogged by a pastor over claims of theft.
In a statement by the Cross River State Police Relations Officer, ASP Sunday Eitokpah, he disclosed that preliminary findings indicate that the victim, identified as Miss Nancy Peter, was first assaulted by her mother, Mrs. Agnes Peter, 45, before being taken to Pastor Samson Roman Dago, 43, who allegedly subjected her to further corporal punishment with a cane.
He said a full-scale investigation has begun to really establish the exact circumstances surrounding the incident and determine the involvement of all those linked to the tragedy.
The command also dismissed, for now, social media claims that the girl was sexually assaulted, saying no evidence had been found to support such allegations.
It added that medical examinations and other investigative steps were ongoing.
Some village sources said the teenager became unconscious after the beating and was rushed to a medical facility in Wula Community, where doctors confirmed her dead on arrival.
Vanguard gathered that the community has now been left in shock, as the death has revived painful concerns about the dangers of corporal punishment and the need for greater child protection.
A child rights advocates, James Ibor esq, and principal Counsel at Basic Rights Counsel Initiative, ( BRCI)said that physical punishment does not correct children; it scars them, deepens fear, and can lead to irreversible harm.
“It is reprehensible and heartbreaking , that in 2026 this kind of barbaric act will still be happening, after the child rights act was passed since 2023.
“I’m calling on the Commissioner for police not to allow this girl’s murder to go unpunished , neither should it be forgotten like other murders of this nature.
“A child should never be disciplined to the point of collapse. This is a tragedy that should never have happened, the police must do everything possible to ensure the girl get’s justice , it is a sad development, ibor said.
News
Tinubu back to Abuja after Eid-el-Kabir break
President Bola Tinubu returned to Abuja on Tuesday evening after spending the Eid-el-Kabir holiday in Lagos, where he carried out a string of political and official engagements, the Special Adviser on Information and Strategy, Bayo Onanuga, said in a statement.
The President’s aircraft touched down at the Presidential Wing of Nnamdi Azikiwe International Airport at 5:17 p.m., and he was received by senior government officials, including the Minister of the Federal Capital Territory, Nyesom Wike; Chief of Staff, Femi Gbajabiamila; National Security Adviser, Nuhu Ribadu; and Inspector General of Police, Tunji Disu.
During the holiday period, Tinubu received Vice-President Kashim Shettima and other visitors during the traditional Sallah homage from several political leaders. “I thank all those who came to observe the Sallah rites with me,” the President was quoted to have said in the statement, noting the visits by top legislators and party leaders.
The President also hosted the leadership of the Senate, led by Senate President Godswill Akpabio, and welcomed members of the Nigeria Governors’ Forum under the chairmanship of Kwara State Governor, AbdulRahman AbdulRazaq. APC stakeholders from Oyo State—including the party’s governorship candidate, Sharafadeen Alli—and the party’s House of Representatives and State Assembly candidates from Lagos were among those who visited the President during the holiday.
On Monday, Tinubu attended the International Fleet Review at Eko Atlantic City Waterfront, an event marking the 70th anniversary of the Nigerian Navy. There he commissioned three naval vessels—NNS Oloibiri, NNS Mambila, and NNS Gurara—underscoring his administration’s focus on maritime security. “The commissioning of these vessels is a step toward protecting our maritime domain and supporting national security,” the President said.
Also on Monday, President Tinubu met with the President of the Republic of Benin, Romuald Wadagni, in what the statement said “reinforced the longstanding bond of friendship, regional cooperation, and economic partnership between the neighbouring countries.”
The statement added that before the holiday, the President participated in the All Progressives Congress (APC) primaries in Lagos, voting in his own primary and receiving the party’s endorsement.
The statement reiterated that President Tinubu was endorsed nationwide by close to 11 million voters as the APC’s flagbearer for the 2027 presidential election.
News
Boko Haram: NAF Chief assures of people-centred air operations
The Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, has again reaffirmed the commitment of the Nigerian Air Force (NAF) to conducting professional, responsible, and people-centred air operations in its ongoing counter-terrorism and other security operations across the country.
Aneke also assured that the commitment of the NAF remains steadfast in its resolve to institutionalise Civilian Harm Mitigation and Response (CHMR) across all levels of operations as part of its commitment to global best practices.
The CAS made this known while declaring open the maiden NAF Seminar on Civilian Harm Mitigation and Response for strategic-level officers.
The one-day seminar, which was held at the MD Umar Blue Room, Headquarters Nigerian Air Force in Abuja, brought together an array of senior military officers, security stakeholders, policy experts, civil society representatives, journalists, and subject-matter experts to deepen institutional understanding of civilian protection considerations in contemporary military operations.
In his address at the seminar, Air Marshal Sunday Kelvin Aneke, who described the initiative as a significant milestone in the NAF’s continuous efforts to strengthen professionalism, accountability, and operational effectiveness, noted that the evolving security environment requires military leaders to balance mission accomplishment with the protection of civilian lives and property, stressing that strategic-level officers play a critical role in shaping operational decisions, institutional responses, and public narratives.
While noting that the NAF remains steadfast in its resolve to institutionalise Civilian Harm Mitigation and Response across all levels of operations as part of its commitment to global best practices, the CAS said maintaining public trust and confidence is essential to achieving lasting operational success.
He said, “Civilian Harm Mitigation and Response is not a constraint on our operational effectiveness; rather, it is a framework that enhances precision, improves decision-making, and ultimately preserves strategic legitimacy.”
He further stressed that civilian protection considerations enhance mission effectiveness by promoting informed decision-making, accountability, and operational discipline.
Earlier, in his welcome address, the Chief of Civil-Military Relations (CCMR), Air Vice Marshal Edward Gabkwet, described the seminar as a landmark initiative in the Nigerian Air Force’s ongoing efforts to strengthen professionalism, accountability, and civilian protection in military operations.
He noted that modern military operations demand a careful balance between mission accomplishment and humanitarian considerations, particularly in complex operational environments where civilians are often present.
According to the CCMR, “Operational success is not defined solely by tactical achievements, but by the ability to conduct operations with precision, discipline, restraint, and utmost regard for the safety, dignity, and wellbeing of civilian populations within areas of operation.”
Air Vice Marshal Gabkwet further highlighted the NAF’s deliberate efforts to strengthen Civilian Harm Mitigation and Response through doctrine development, training, and capacity-building initiatives. He noted that the seminar was organised at the directive of the Chief of the Air Staff to enhance strategic-level understanding of CHMR principles and equip senior leaders with practical tools for balanced, objective, and timely decision-making. He added that effective civilian harm mitigation requires collaboration among military, paramilitary, and civilian stakeholders, making the broad participation at the seminar both timely and essential.
The seminar featured presentations and discussions by renowned experts in civilian protection, human rights, and military operations, providing participants with a platform for constructive dialogue on best practices, operational lessons, and practical approaches to minimising civilian harm while maintaining operational effectiveness.
The Chief of the Air Staff expressed confidence that the outcomes of the engagement would further strengthen the Nigerian Air Force’s commitment to professionalism, operational excellence, and accountability while reinforcing its determination to protect civilians and uphold the highest standards in the conduct of air operations.
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