Tinubu Applauds Nigeria’s Delisting from FATF Grey List, Pledges Sustained Financial Reforms

President Bola Ahmed Tinubu has commended Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing it as a significant achievement that underscores the nation’s strengthened institutional integrity and enhanced global financial credibility.

The FATF, the world’s foremost intergovernmental body for setting standards to combat money laundering, terrorist financing, and proliferation funding, announced Nigeria’s delisting during its plenary meeting held on Friday in Paris, France.

With this development, Nigeria is no longer classified among countries under increased monitoring—a status change expected to boost investor confidence, improve the ease of doing business, and further elevate Nigeria’s international financial reputation.

Reacting to the announcement, President Tinubu hailed the decision as “a major milestone in Nigeria’s journey toward economic reform, institutional transparency, and global recognition.”

He commended the joint efforts of key government officials, including the Secretary to the Government of the Federation; the Ministers of Aviation, Budget and Economic Planning, Defence, Foreign Affairs, Solid Minerals, and State for Finance; as well as the National Security Adviser. He also acknowledged the contributions of the National Assembly and the Judiciary in supporting the reforms that led to the nation’s delisting.

The President extended special appreciation to Ms. Hafsat Abubakar Bakari, Director and Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), and her team for their professionalism and dedication in ensuring the timely and effective implementation of Nigeria’s FATF Action Plan.

Tinubu noted that the international community has duly recognized Nigeria’s substantial progress in strengthening financial regulations and institutions to prevent corruption and related crimes.

Reaffirming his administration’s resolve, the President pledged continued adherence to principles of transparency, accountability, and global compliance across all levels of governance.