FATF delists Nigeria from grey list, restoring global financial confidence

Share:

Nigeria has been removed from the FATF grey list, marking a major step toward restoring investor confidence and strengthening its financial image.

The Financial Action Task Force (FATF) on Friday announced that Nigeria has been removed from its grey list, ending nearly three years of classification as a destination for illicit financial flows.

The global watchdog said the decision follows progress in tackling money laundering and terrorist financing. Nigeria was delisted alongside South Africa, Burkina Faso, and Mozambique.

FATF noted that the affected countries demonstrated “significant improvement” in implementing global financial transparency and compliance standards.

READ MORE AT NAIRA METRICS

Join Our Community to get Live Updates

Leave a Comment

We would like to keep you updated with special notifications.

×