Nigeria has been removed from the grey list of the Financial Action Task Force (FATF), providing a boost for foreign remittances and foreign investments.
The Paris-based FATF announced the delisting on Friday.
The announcement formally removed Nigeria from the list of jurisdictions under increased monitoring, commonly referred to as the “grey list,” presidential spokesperson Bayo Onanuga wrote in a Friday statement.
Mr Onanuga said President Bola Tinubu described the development as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity and global credibility.”
PREMIUM TIMES learnt that many Nigerian agencies including the NFIU, Attorney General’s office and the EFCC, have been working for about a year to ensure Nigeria meets all the criteria of the FATF.
New laws were passed, existing laws amended, and new regulations put in place to ensure th
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