Funding to tackle illicit financial flows (IFFs) out of Nigeria is under threat as a result of cuts made in the country’s 2021 budget.

Despite announcing a record naira 13.5 billion naira (N13.5 billion – US$35.5 billion) budget to tackle the negative impacts of the coronavirus pandemic, Nigeria’s budget cuts funding for the country’s flagship Economic and Financial Crimes Commission (EFCC).

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