Blockchain and AI needed to tackle illicit financial flows (IFFs), says Nigeria’s Economic and Financial Crimes Commission (EFCC) chairman.

Blockchain and AI needed to tackle illicit financial flows (IFFs), says Nigeria’s Economic and Financial Crimes Commission (EFCC) chairman.

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Blockchain and AI needed to tackle illicit financial flows (IFFs), says Nigeria’s Economic and Financial Crimes Commission (EFCC) chairman.

By Regtech Africa

Olanipekun Olukoyede, the Chairman of Nigeria’s EFCC, has underscored the potential of blockchain technology and AI in combatting IFFs across Africa. Speaking at the Pan-African Conference on Illicit Financial Flows and Taxation, Olukoyede highlighted the staggering $88.6 billion lost annually by African countries due to IFFs.

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