Nigeria, July 29 -- Why does Nigeria, a country blessed with oil, gas, minerals, and millions of hardworking people, still struggle to meet its financial responsibilities? Why are public schools often in poor condition, hospitals lacking supplies, and some infrastructure projects delayed for years? Why does the government continue to borrow even when taxes are being paid, oil revenues are recorded, and businesses are making profits?

The answers are not difficult to find. They are in what experts describe as illicit financial flows. These are funds that are meant to support development within Nigeria but are quietly moved elsewhere. This happens through tax avoidance schemes, manipulated trade invoices, the use of anonymous companies, and...