Blockchain and AI in Africa

Generate a realistic high-definition image of a male administrative figure standing behind a podium. He is engaging in a tech conference, advocating the use of blockchain technology and artificial intelligence to thwart illegal financial activity in Africa. The podium is adorned with the emblem of a financial regulation institution, and the background consists of a big, largely visible map of Africa.

EFCC Chairman Advocates Blockchain and AI to Combat Illicit Financial Flows in Africa

30 June 2024Olivia Cohen

Africa loses a staggering $88.6 billion annually to illicit financial activities, as reported by Mr. Olanipekun Olukoyede, the head of Nigeria’s Economic and Financial Crimes Commission (EFCC). At the Pan-African Conference on Illicit Financial Flows and Taxation, Olukoyede highlighted this hemorrhage as a critical issue impeding the progress and stability of the continent. Olukoyede’s proposed […]