President Bola Tinubu has welcomed Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing it as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity, and global credibility”.
The FATF removed Nigeria from the list after the country successfully implemented a 19-point action plan aimed at strengthening its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.
Tinubu commended the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU) and other stakeholders for their dedication and sacrifice in achieving this feat.
He also acknowledged the support of international partners, including the governments of France, Germany, the United Kingdom, the United States, the United Nations, and the European Commission.
This development is expected to boost confidence in Nigeria’s economy and enhance its global credibility.
