President Bola Ahmed Tinubu has welcomed Nigeria’s delisting from the Financial Action Task Force grey list, describing it as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity and global credibility”.
The FATF announced the delisting at its Plenary in Paris, France, after Nigeria successfully completed its Action Plan, marking over two years of sustained effort, reform and inter-agency coordination aimed at strengthening the country’s Anti-Money Laundering and Counter-Financing of Terrorism framework.
The President commended the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit, Ms Hafsat Abubakar Bakari, and the staff for their diligence in ensuring the complete and timely implementation of the country’s Action Plan.
“Without their dedication and sacrifice, today’s success could not have been achieved. I thank them for their efforts and urged other stakeholders to emulate their standards,” President Tinubu said.
The President also acknowledged the strong support of international partners, including the Governments of France, Germany, the United Kingdom, the United States, the United Nations, and the European Commission, for their technical assistance during Nigeria’s reform process.
According to President Tinubu, Nigeria’s removal from the FATF grey list is “not just a technical accomplishment, it is a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.”
