Financial Transparency Coalition

Léonce Ndikumana, a member of the Task Force Economist Advisory Council, appeared on The Real News to discuss his new research on capital flight from Africa. His work found that $1.6 trillion in capital flight and odious debt have left Africa from 1970-2010. Of that sum, he found that at least $619 billion had gone missing, and was illicit. Much of this, he argues, was facilitated by big western banks, tax havens, and other Western financial structures.