President Bola Ahmed Tinubu has welcomed Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing it as a major milestone in the nation’s pursuit of economic reform, institutional integrity, and global credibility. The FATF, the world’s foremost standard-setting body for combating money laundering and terrorist financing, announced the delisting at its plenary session in Paris, France.

President Tinubu said the decision followed Nigeria’s successful and timely completion of its FATF Action Plan after more than two years of sustained reforms and inter-agency coordination to strengthen the country’s Anti-Money Laundering and Counter-Financing of Terrorism framework. He noted that rather than seeing the grey listing as a setback, Nigeria viewed it as a call to action, implementing far-reaching legal, institutional, and operational reforms under his administration’s economic transformation agenda.

The president commended the leadership and coordination of the Nigerian Financial Intelligence Unit (NFIU), the Attorney-General of the Federation, and other key ministries and agencies for their roles in achieving the delisting. He also praised the Director and Chief Executive Officer of the NFIU, Ms Hafsat Abubakar Bakari, and her team for their diligence, reaffirming that Nigeria remains fully committed to transparency and compliance with global financial standards.