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

The European Union has removed Nigeria from its high-risk third countries list under the EU anti-money laundering and counter-financing of terrorism framework. This decision, effective from January 29, 2026, follows Nigeria's successful exit from the FATF list and acknowledgment by the European Commission of the country's strengthened AML/CFT regime.

The move reflects Nigeria's political will and leadership, particularly under President Bola Ahm Tinubu, to enhance its financial system integrity. The CEO of Nigeria's NFIU, Hafsat Abubakar Bakari, described the delisting as a significant affirmation of Nigeria's ongoing reform efforts.