Friday, 18 April 2014

Illicit Financial Flows: Africa’s hemorrhage of funds

"Today, the term “illicit financial flows” has not only become a catchy phrase often used in global summits, but also significant in the international political economy thesaurus. Illicit Financial Flows (IFFs) cause nerve-racking damage to Africa’s economic development. IFFs have caused Africa’s financial hemorrhage, which threatens Africa’s development and future of African continent. Economic development in Africa is stunted as significant funds that could be spent on infrastructure projects and social delivery services are darted out of Africa through IFFs. These funds are higher than the official development assistance (ODA) that flow into Africa. Efforts by African economies to build democratic institutions and improve public finances are clearly smothered by the scale and systematic operations of IFFs."

Read full article on News24

Boko Haram Killings And The Rest Of Us

"The social media went viral as a result of April 14 Nyanya-tragedy. Public discussions are still centered on the gory incident. More topical than the incident, is the huge, but impotent, judgment calls that have emanated from the public. Everyone is a jury on social media. 

Party affiliation can blur one’s sense of reasoning such that one begins to see nothing endorsable in anything that comes from the opposing party. This is a growing syndrome that is eating deep into the substance of Nigeria’s politics, with cataclysmic effect on the unity of the country. Never in history has politics of calumny made a mark in the sand of time, but only well-thought-out actions. There is no doubt that we lack strong security institutions suitable to avoid the kind of tragedies that are becoming common. These tragedies are not natural disasters. They are man-made; we created them."

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