Nigeria Exits FATF Grey List, Wale Edun Commends Reform Progress
Nigeria has been removed from the FATF Grey List after meeting the required standards in its action plan, boosting the country's anti-money laundering and counter-terrorism financing regime. Wale Edun, speaking on behalf of the Nigerian delegation, highlighted the deeper reforms that led to Nigeria's delisting.
The country's improved inter-agency coordination and regulatory oversight were key factors in this achievement. The decision was announced during the FATF's October 2025 plenary session in Paris.
Nigeria was initially placed on the Grey List in February 2023 due to strategic deficiencies in its AML/CFT framework, but subsequent reforms and strong political commitment have led to this successful outcome.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria Successfully Exits FATF Grey List, Demonstrating Commitment to Financial Integrity
Nigeria, South Africa Set to Exit FATF Grey List, Boost Investor Confidence
CBN: Nigeria's FATF Grey List Exit to Boost Investor Confidence
CBN's Efforts Lead Nigeria's Exit from FATF Grey List, Boosting Investor Confidence
Spaces For Change Applauds Nigeria's Removal from FATF Grey List
Nigeria Delisted from Global Money Laundering Watch List by FATF
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
