President Bola Ahmed Tinubu has expressed deep satisfaction over Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing the milestone as a testament to the country’s growing institutional integrity and global financial credibility.
The FATF, which serves as the world’s leading body in setting standards for combating money laundering, terrorist financing, and proliferation funding, announced Nigeria’s delisting during its plenary meeting held in Paris, France, on Friday.
With this announcement, Nigeria is no longer among jurisdictions subject to increased monitoring — a move expected to enhance investor confidence, ease of doing business, and the nation’s overall global standing in financial governance.
In a statement issued shortly after the announcement, President Tinubu lauded the development as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity, and global credibility.”
He commended the collective efforts of key government officials, including the Secretary to the Government of the Federation; the Ministers of Aviation, Budget and Economic Planning, Defence, Foreign Affairs, Solid Minerals, and State for Finance; as well as the National Security Adviser. The President also acknowledged the support of the National Assembly and Judiciary in achieving this landmark progress.
Tinubu particularly praised Ms. Hafsat Abubakar Bakari, Director and Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), and her team for their “dedicated and professional efforts” in ensuring that Nigeria’s FATF Action Plan was fully and promptly implemented.
According to him, the international community has taken due note of the significant reforms and improvements Nigeria has made in strengthening its financial systems to combat corruption and other serious crimes.
The President reaffirmed his administration’s unwavering commitment to maintaining transparency, accountability, and global compliance standards across all sectors of governance.
