The Financial Action Task Force has delisted Nigeria from its global grey list of jurisdictions under increased monitoring. President Bola Tinubu welcomed the development as a milestone for the country's financial integrity.
On October 24, 2025, the Financial Action Task Force (FATF), an international body combating money laundering and terrorist financing, formally removed Nigeria from its grey list. This list identifies jurisdictions requiring enhanced due diligence due to strategic deficiencies in their anti-money laundering and counter-terrorism financing regimes.
Nigeria's exit follows sustained efforts by the government to address FATF-identified shortcomings since its inclusion on the list in 2023. The delisting signals improved compliance with global standards, potentially easing access to international finance and boosting investor confidence.
President Bola Tinubu expressed delight at the news, describing it as a testament to Nigeria's commitment to financial transparency. In a statement, he highlighted the role of collaborative reforms across agencies in achieving this outcome.
The development was first reported by Daily Trust, confirming the FATF's decision. ThisDayLive echoed the announcement, noting Tinubu's positive reaction amid ongoing national economic initiatives.