Nigeria Achieves Major Milestone as FATF Removes Country from Global Financial Crime Watchlist



According to Reuters, Nigeria has been officially delisted from the Financial Action Task Force (FATF) grey list, marking a significant breakthrough in the nation’s ongoing reforms to strengthen financial transparency and combat illicit financial flows.


The FATF announced the decision after its plenary meeting in Paris, citing Nigeria’s improved inter-agency coordination, stronger financial oversight, and enhanced anti-money laundering systems.


Experts say the move will boost investor confidence, ease cross-border payments, and lower borrowing costs for Nigerian businesses and households. The International Monetary Fund (IMF) estimates that countries on the FATF watchlist lose about 7.6% of foreign capital inflows, meaning Nigeria’s removal will likely attract fresh investments and international partnerships.


This achievement highlights the President Tinubu administration’s commitment to transparency, fiscal discipline, and global cooperation, reinforcing Nigeria’s image as a credible and reform-driven economy.


Kamorudeen Yusuf

Personal Assistant on Special Duties to the President