📉 According to the Chairman of the Economic and Financial Crime Commission (EFCC) of Nigeria, Olanipekun Olukoyede, blockchain and artificial intelligence technologies can be used to combat illegal activities. He stressed that Africa loses $88.6 billion annually due to illicit money flows. Olukoyede also expressed concern that the funds could have been better used for basic infrastructure, health and education. He called for strengthened legal and institutional frameworks in African countries to more effectively combat illicit financial flows.