Money Laundering has over years helped drug barons stay in business with assistance of certain financial institutions simply because some of these institutions are in one way or other benefiting from the illegal trade. Money frome drug transactions is put in to the formal f inancial system for future dealings thus enhancing continuity at the detriment of society and economies. Some banks in Africa are seen to be having returns that are not commensurate to their legal investment which sometime makes people to wonder how these bank are operating. In Africa,efforts are being made by goverments to put a stop to financial organisations aiding drug cartels to continue in business. Drug abuse in Africa is not helping the situation in any way. Most of the youth who are supposed to be contributing to the economies are either in drug or are influenced by drug barons to be either marketers or retailers thereby diverting their attention from normal schooling
In my opinion, that if finance should work for Africa, the activities of the banks must be closely monitored.