This recent attempt to address the long-standing financial hemorrhage undermining Africa’s economic growth and development at the global level, and particularly within the UN platform, is indeed an important starting point, underlying the need for shared responsibilities in the face of persistent lopsided financial flows. Indeed, while massive resources have been fleeing African countries, their final destination has been outside African boundaries.
Just last month, over $ million owned by one of the Nigerian Governors were frozen in London. In light of these developments, this Senior Policy Seminar on Capital Flight organized in Africa, is relevant and germane to the growth and development challenges facing the majority of countries in the continent.