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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Tuesday, February 3, 2015

Africa loses billion annually in money laundering: studies

More than a trillion dollars is said to have flowed illegally out of Africa over the past 50 years, a sum roughly equivalent to all of the official development assistance received during that same period.

And the problem is not only continuing, it's getting worse.

A new report estimates that Africa is currently losing as much as 60 billion dollars a year in what's called Illicit Financial Flows.

It's a conclusion reached by a joint panel run by the United Nations and the African Union, and led by former South African president Thabo Mbeki.

And given the illegal nature of such activities, the report says the real figure is likely to be significantly more.    - Al Jazeera English


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