Nigeria has formally been faraway from the Financial Action Task Force (FATF) gray checklist, a register of countries positioned underneath elevated monitoring for weaknesses in anti–cash laundering and counter-terrorism financing controls.
The FATF introduced the choice on Friday, October 24, 2025, at its plenary assembly in Paris, confirming that Nigeria, along with South Africa, Mozambique and Burkina Faso, had met all of the situations required to exit the checklist.
Reacting to the event, 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 international confidence within the nation’s economic system.
According to the FATF, Nigeria recorded “substantial progress” in closing recognized gaps inside its regulatory and enforcement methods.
The nation was counseled for bettering useful possession transparency, implementing stronger supervision of economic establishments, and deepening collaboration amongst related businesses.
The Nigeria Financial Intelligence Unit (NFIU) coordinated the reform course of 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 worldwide physique famous that Nigeria’s upgraded framework now aligns with international anti–cash laundering and counter-terrorist financing requirements.
Financial specialists say the delisting represents a big increase for Nigeria’s economic system, predicting decrease compliance dangers, diminished worldwide transaction prices, and renewed investor confidence within the nation’s {financial} sector.
Nigeria was added to the gray checklist in February 2023 after the FATF cited weaknesses in enforcement and oversight.
Its removing marks the profitable conclusion of greater than two years of coordinated nationwide reforms and technical evaluations.
