The African Development Bank (AfDB) has called on INTERPOL to help trace €4.8 million that vanished from its operations in Ethiopia and Côte d’Ivoire. The move follows a recent agreement between both organizations in Abidjan to combat cross-border financial crimes in Africa’s banking sector.
The missing funds highlight broader concerns about illicit financial flows, which drain an estimated $90 billion annually from the continent. As part of its anti-corruption agenda, AfDB has engaged INTERPOL’s Financial Crime and Anti-Corruption Centre to investigate the case—marking a serious push to recover lost development aid and curb transnational financial misconduct.
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