Watchdog seeks lost Africa wealth

Transparency International watching Africa:

[TI] urges western governments to help Africa recover wealth lost through corruption.

An anti-corruption campaign group has urged governments in the West to help Africa recover part of the wealth lost through corruption.

Transparency International made the appeal in the Kenyan capital, Nairobi.

The group estimated the amount of illegally appropriated money invested outside Africa to be $140bn (£80.4bn).

It called on Western governments to change their banking laws to make it easier for illegally acquired wealth to be repatriated to Africa.

Transparency International (TI) which leads a campaign against corruption worldwide, says the phenomenon is seriously undermining Africa’s fragile democracies and hindering efforts to achieve sustainable development.

Link to BBC article…