EU Removes Nigeria from High-Risk Financial List, Acknowledges AML/CFT Progress

The European Union has delisted Nigeria from its high-risk third countries list under the EU anti-money laundering and counter-financing of terrorism framework. This move follows Nigeria's successful exit from the Financial Action Task Force (FATF) list due to efforts led by President Bola Ahm Tinubu.

The Nigerian Financial Intelligence Unit (NFIU) CEO, Hafsat Abubakar Bakari, praised the decision as a validation of Nigeria's reforms. The delisting signifies Nigeria's progress in enhancing its AML/CFT framework through coordinated efforts and strong national ownership.