boko In the past 50 years, more money has illegally left Africa than the amount of money received in aid, and the private sector is mostly to blame. Corporations and organised crime rings have channelled US$1-trillion away from the host countries in Africa where they operate, using a range of tax-cheating mechanisms known as illicit financial flows. This money is defined as money illegally earned, transferred or used, and the biggest culprits of the practice are multinational corporations operating in Africa, mainly in the extractives industry. Sub-Saharan Africa loses about US$50-billion a year, or 5.5% of gross domestic product, through illicit financial flows.
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