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Posted by African Examiner
Featured, Latest Headlines, News, News Across Nigeria
Friday, October 24th, 2025
(AFRICAN EXAMINER) – President Bola Tinubu has welcomed Nigeria’s delisting from the Financial Action Task Force (FATF) grey list.
Special Adviser to the President, Information and Strategy, successful a property merchandise issued connected Friday said FATF announced the delisting astatine its plenary successful Paris, France.
The FATF is the world’s foremost standard-setting assemblage for combating wealth laundering, violent financing and proliferation financing.
The announcement formally removed Nigeria from the database of jurisdictions nether accrued monitoring, commonly referred to arsenic the “grey list”.
Tinubu described the improvement arsenic “a large milestone successful Nigeria’s travel towards economical reform, organization integrity and planetary credibility.”
This determination followed Nigeria’s palmy and timely completion of its FATF Action Plan, marking implicit 2 years of sustained effort, betterment and inter-agency coordination aimed astatine strengthening the country’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.
In February 2023, the FATF placed Nigeria connected the grey list. The connection from the planetary assemblage was clear: the federation needed much vigorous enforcement, amended coordination, and greater transparency. Rather than dainty this arsenic a setback, Nigeria viewed it arsenic a telephone to action.
Under Tinubu’s strategical enactment and successful enactment with the economical translation docket of his administration, Nigeria implemented far-reaching legal, organization and operational reforms.
This was achieved done the coordination of the Nigerian Financial Intelligence Unit (NFIU), moving successful conjunction with the Attorney-General of the Federation and Minister of Justice, the Minister of Finance, and the Coordinating Minister of the Economy and the Minister of Interior.
The President applauded the captious enactment from the Secretary to the Government of the Federation, the Minister of Aviation, the Minister for Budget and Economic Planning, the Minister for Defence, the Minister for Foreign Affairs, the Minister for Solid Minerals, the Minister of State for Finance, the National Security Adviser arsenic good arsenic the enactment of the National Assembly and the Judiciary, successful the attainment of the laudable achievement.
Tinubu commended the Director/Chief Executive Officer of the NFIU, Ms Hafsat Abubakar Bakari, and the unit for their diligence successful ensuring the implicit and timely implementation of the country’s Action Plan. He noted that the NFIU’s enactment has led to the designation by the planetary assemblage of the strides Nigeria has made in...
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