Nigeria Off FATF Grey List: Tinubu Hails Milestone in Economic Reforms

President Bola Tinubu has lauded Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing it as a major breakthrough in the nation’s ongoing economic reform and anti-corruption drive.

At its plenary session in Paris, France, the FATF announced Nigeria’s delisting after an extensive review of the country’s progress in strengthening financial oversight and anti-money laundering systems. The development means Nigeria is no longer among jurisdictions subjected to increased international monitoring.

In a statement, President Tinubu expressed deep satisfaction with the achievement, commending the collective efforts of key government officials — including the Secretary to the Government of the Federation, ministers of Aviation, Defence, Solid Minerals, Budget and Economic Planning, Foreign Affairs, and State for Finance — as well as the National Security Adviser. He also acknowledged the National Assembly and the Judiciary for their institutional support.

The President gave special recognition to Ms. Hafsat Abubakar Bakari, Director and Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), and her team for their “dedicated implementation of the national action plan,” which he said helped restore global confidence in Nigeria’s financial integrity.

Tinubu reaffirmed his administration’s resolve to sustain transparency, accountability, and compliance with global financial standards, noting that Nigeria’s removal from the FATF grey list is “a resounding testament to the country’s renewed credibility and institutional reform momentum.”