FATF Removes Nigeria from Grey List, Boosting Investor Confidence
The Financial Action Task Force (FATF) removed Nigeria from its grey list after almost three years, alongside South Africa, Burkina Faso, and Mozambique. This move is a significant boost to investor confidence in Nigeria's economy.
The Nigerian government's efforts to combat money laundering and terrorist financing have been recognized, with the Finance Minister, Wale Edun, praising the development. Hafsat Bakari, CEO of the Nigerian Financial Intelligence Unit (NFIU), expects Nigeria to fully exit the FATF grey list by late 2025.
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