Nigerian officials propose using blockchain and AI to combat illicit financial flows

Odaily News Olanipekun Olukoyede, Chairman of the Nigerian Economic and Financial Crimes Commission, stressed that blockchain technology and artificial intelligence (AI) are tools to address illegal financial flows (IFF) in Africa. Olanipekun Olukoyede stressed at the Pan-African Conference on Illegal Financial Flows and Taxation that African countries lose $88.6 billion each year due to illegal financial flows, and if these funds are recovered, they can significantly improve infrastructure, healthcare and education across the continent. (Cointelegraph)