Nigeria Stresses Blockchain and AI as Tools Against Financial Crimes in Africa
Navigating Through the Storm: Africa's Fight Against Illicit Financial Flows Imagine a world where roads, hospitals, and schools across Africa receive a massive boost in their quality and availability This vision might seem distant, even unrealistic, to some, but it might be closer to reality than we think, courtesy of a groundbreaking idea that's been making waves across the continent The spotlight is on a daring proposal to employ the latest in tech innovations—Blockchain and Artificial Intelligence (AI)—to tackle the persistent issue of illegal money movements that plague African nations The Underlying Challenge At the heart of Africa's development and stability challenges lies a significant problem: the staggering loss of funds through illicit financial flows This issue was recently brought to light by none other than Olanipekun Olukoyede, the head of Nigeria's Economic and Financial Crimes Commission (EFCC)...
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