Africa reportedly loses 50 to 80 billion dollars annually through illicit financial flows (IFF). These include funds looted by public officials and hidden abroad, those fraudulently taken away by multinational corporations through tax evasion, mis-invoicing, money laundering, and trade mispricing among others. Globally, yearly cross boarder flow of proceeds of criminal activities is estimated at between 1 trillion and 16 trillion dollars, half of which comes from developing economies. The effect is that African countries are deprived of the capacity to realize the UNs sustainable development goals of no poverty, zero hunger, good health, quality education etc. One of the ways through which these goals can be achieved is through assets recovery (AR) measures. The aim of this paper is to explore the measures put in place by Nigeria to combat illicit financial flows.