Nigeria has officially been removed from the Financial Action Task Force (FATF) grey list, marking a significant milestone in the country’s financial governance and anti-money laundering reforms.
The announcement was made following the FATF’s October 2025 plenary session held in Paris, where the global financial watchdog confirmed that Nigeria had successfully completed its prescribed action plan and strengthened its institutional frameworks to combat money laundering, terrorist financing, and other illicit financial flows.
Reacting to the development, the British High Commissioner to Nigeria, Richard Montgomery, described the delisting as “brilliant news,” commending the Nigerian government for its sustained commitment to implementing critical reforms.
“This is a major achievement that reflects the progress made by the Tinubu administration in improving financial transparency, regulatory oversight, and compliance with international standards,” Montgomery stated.
The FATF grey list comprises countries under increased monitoring due to strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CFT) regimes. Nigeria was placed on the list in 2023 but has since implemented measures to address all identified weaknesses, including enhanced supervision of financial institutions, improved inter-agency coordination, and stricter enforcement of compliance laws.
Government officials and financial experts have hailed the development as a confidence booster for Nigeria’s investment climate, with expectations that the delisting will attract greater foreign investment and ease international banking relations.
The removal from the FATF grey list positions Nigeria as a compliant and trusted member of the global financial community — a positive signal for its ongoing economic reforms and international partnerships.
