According to the Odaily Planet Daily report, Olanipekun Olukoyede, chairman of the Nigeria Economic and Financial Crimes Commission, emphasized that blockchain technology and artificial intelligence (AI) are tools to solve illicit financial flows (IFF) in Africa. Speaking at the Pan-African Conference on Illicit Financial Flows and Taxation, Olukoyede noted that African countries lose $88.6 billion annually due to illicit financial flows. If these funds could be recovered, infrastructure, healthcare and education could be significantly improved across the continent.
