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NEWS

NIGERIA REMOVED FROM FATF GREY LIST, TINUBU HAILS GLOBAL RECOGNITION OF REFORMS

October 24, 2025 • 2 min read

President Bola Tinubu has expressed satisfaction over Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing it as a significant milestone in the nation’s economic reform and anti-corruption journey.

The FATF, at its plenary meeting in Paris, France, announced Nigeria’s delisting after reviewing the country’s progress in strengthening its financial oversight and anti-money laundering framework. The removal signifies that Nigeria is no longer among jurisdictions under increased international scrutiny.

President Tinubu commended the collective efforts of key government officials, including the Secretary to the Government of the Federation, the Ministers of Aviation, Defence, Solid Minerals, Budget and Economic Planning, Foreign Affairs, and State for Finance, as well as the National Security Adviser. He also acknowledged the National Assembly and the Judiciary for their institutional support.

The President specially praised Ms. Hafsat Abubakar Bakari, Director and CEO of the Nigerian Financial Intelligence Unit (NFIU), and her team for their “dedicated implementation of the national action plan,” which, according to him, restored global confidence in Nigeria’s financial integrity.

He affirmed his administration’s commitment to maintaining transparency and compliance with international financial standards, noting that the delisting reflects global recognition of Nigeria’s renewed credibility and institutional reforms.