West African Bankers' Association West African Bankers' Association The West African Bankers' Association (WABA; ) is a professional association of banking and financial services and institutions in West Africa. It has its headquarters and offices in Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. The WABA was created in August 10, 1981 with the main purpose of supporting and developing the West African Clearing House (WACH). The organization has banking, securities, and auditing institutions, and individual members. The secretary general is Sega Balde, with Rev Ifeanyi IWANDE as president. The central banks
West Africa Coast Initiative assistance as the best safeguard against narcotics-trafficking and the creation of drug-dependent economies. Oil theft, or “bunkering”, in the Niger Delta is a key driver of pollution, as well as political instability, and the West Africa Coast Initiative will provide technical assistance to address it. In Nigeria, 55 million barrels of oil a year (a tenth of their entire production) are lost through theft and smuggling. Oil bunkering is a source of pollution, corruption, and revenue for insurgents and criminal groups, particularly in the Niger Delta. The West Africa Coast Initiative is a collaboration of the According to the UNODC,