Nigeria Exits FATF Grey List, Achieves Milestone in Financial Crime Fight
Nigeria has exited the FATF Grey List during the October 2025 plenary in Paris. The Nigerian Financial Intelligence Unit (NFIU) Director, Hafsat Abubakar Bakari, highlighted this as a historic moment in Nigeria's commitment to global standards in combating money laundering and terrorist financing.
The country's delegation, led by Wale Edun and Princ Fagbemi, expressed gratitude to FATF and reaffirmed Nigeria's strong anti-money laundering measures. Nigeria was initially placed on the Grey List in February 2023 due to identified deficiencies in its AML/CFT framework.
The country has since worked diligently to address these concerns, implementing various legislative acts to enhance its financial integrity.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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