Illicit flows from Africa grew at an average rate of 12.1 percent per year since 1970, and that capital flight from West and Central African countries accounted for most of the illicit flows from sub-Saharan Africa.
Illicit financial flows consist of money earned illegally and then transferred for use elsewhere. The money is usually generated from criminal activities, corruption, tax evasion, bribes and smuggling.
Nigeria lost at least $250bn between 2000 and 2009. South Africa came second with a loss of at least $170bn over the same period.
Somalia loses between $800m and $1bn through illegal fishing every year.