Nigeria's Economic and Financial Crimes Commission (EFCC) chairman, Olanipekun Olukoyede, has called for the use of blockchain technology and AI to combat illicit financial flows (IFFs) in Africa. Speaking at the Pan-African Conference on Illicit Financial Flows and Taxation, Olukoyede highlighted the $88.6 billion lost annually due to IFFs. He suggested that recovered funds could significantly improve infrastructure, healthcare, and education across the continent. Nigeria has recently taken steps to embrace these technologies, with the National Information Technology Development Agency (NITDA) restructuring the National Blockchain Policy Steering Committee and advocating for AI incorporation into the country's security framework.