President Bola Tinubu has hailed Nigeria’s removal from the FATF grey list as a strategic win for the economy and a vote of confidence in the nation’s financial governance.
President Bola Tinubu has described Nigeria’s removal from the Financial Action Task Force (FATF) “grey list” as a strategic victory for the nation’s economy and financial governance.
The FATF, the global watchdog on money laundering and terrorist financing, announced Nigeria’s delisting at its October 2025 plenary in Paris after the country fully implemented a 19-point action plan to strengthen its anti-money laundering and counterterrorism financing framework.
Tinubu, in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, said the development was “not just a technical accomplishment but a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.”
The President credited the Nigerian Financial Intelligence Unit (NFIU), in collaboration with key ministries, for coordinating legal and institutional reforms.
NFIU Director Hafsat Bakari confirmed the delisting, describing it as “a true test of the country’s resilience and commitment to reform.”
Bakari highlighted the enforcement of new anti-money laundering laws, operationalisation of the Beneficial Ownership Register, and enhanced intelligence capacity as key to Nigeria’s success.
Analysts say the move will boost investor confidence and ease international financial transactions.