Nigeria’s Finance Minister Brokers Deal for Country on Illicit Flows

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The nation’s Finance Minister, Mrs. Kemi Adeosun, at the weekend in New York, United States of America, secured a high-level deal for the country in efforts to fight against illicit financial transactions across borders, the Guardian Newspaper has reported.

The deal, which involved global bodies, including the Organisation for Economic Cooperation and Development (OECD) and the World Bank Group, would run on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF).

At the Platform for Collaboration on Tax (PCT) conference held at the United Nations headquarters in New York, the Head of OECD Global Forum on Exchange of Information, Ms. Monica Bhatia, stated that automatic information sharing had been adopted as part of proactive steps to curtail the menace from the continent to developed countries.

The deal, which involved global bodies, including the Organisation for Economic Cooperation and Development (OECD) and the World Bank Group, would run on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF).

 

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