Nigeria has officially been removed from the Financial Action Task Force (FATF) grey list, a register of nations placed under increased monitoring for weaknesses in anti–money laundering and counter-terrorism financing controls.
The FATF announced the decision on Friday, October 24, 2025, at its plenary meeting in Paris, confirming that Nigeria, together with South Africa, Mozambique and Burkina Faso, had met all the conditions required to exit the list.
Reacting to the development, President Bola Tinubu described it as a “landmark achievement and a major win for Nigeria,” saying it affirms his administration’s ongoing efforts to strengthen financial integrity and rebuild global confidence in the nation’s economy.
According to the FATF, Nigeria recorded “substantial progress” in closing identified gaps within its regulatory and enforcement systems.
The country was commended for improving beneficial ownership transparency, enforcing stronger supervision of financial institutions, and deepening collaboration among relevant agencies.
The Nigeria Financial Intelligence Unit (NFIU) coordinated the reform process in partnership with the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC), and the Securities and Exchange Commission (SEC).
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The international body noted that Nigeria’s upgraded framework now aligns with global anti–money laundering and counter-terrorist financing standards.
Financial experts say the delisting represents a significant boost for Nigeria’s economy, predicting lower compliance risks, reduced international transaction costs, and renewed investor confidence in the country’s financial sector.
Nigeria was added to the grey list in February 2023 after the FATF cited weaknesses in enforcement and oversight.
Its removal marks the successful conclusion of more than two years of coordinated national reforms and technical evaluations.