The Federal Government of Nigeria welcomes the announcement by the Financial Action Task Force (FATF) removing Nigeria from its grey list, following two years of sustained reforms and collaboration with national and international partners.
At the FATF plenary in Paris, the FATF President, Elisa de Anda Madrazo, commended the administration of President Bola Ahmed Tinubu for demonstrating strong political will and taking decisive steps to combat financial crimes and illicit financial flows.
“Nigeria has shown that political commitment can deliver real change on the ground,” she said, noting significant improvements in investigation, prosecution, and regulatory supervision across key sectors.
The Nigerian delegation to the plenary was led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, supported by the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), and the Minister of Interior, Dr. Olubunmi Ojo.
Speaking on behalf of the Federal Government, Mr. Edun expressed appreciation to the FATF and Nigeria’s international partners — including France, Germany, the United Kingdom, the United States, and the European Commission — for their steadfast support throughout the reform process.
The Federal Government reaffirmed its unwavering commitment to strengthening financial integrity, transparency, and accountability in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.
