The Financial Action Task Force (FATF) has grey-listed Nigeria
Grey Listed Countries are jurisdictions that are actively working with the Financial Actions Task Force (FATF) to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Financial Intelligence Unit (NFIU), plan to restrategize to remove the country from this nefarious position on the Financial Action Task Force’s (FATF) Grey List. This is confirmed in a statement by the head of EFCC general service, Hasaf Abubakar Bakari.
”The Economic and Financial Crimes Commission (EFCC) and Nigeria Financial Intelligence Unit, (NFIU) on Wednesday, March 20, 2024 mapped out fresh strategies geared towards Nigeria’s exit from Financial Action Task Force, FATF’s Grey List.”
Bakari affirms the unrelenting effort with other agencies work, to steer Nigeria away from the impending dangers of an international blacklist by FATF.
”The FATF, February 2023, added Nigeria to its list of countries under monitoring, designated as “Grey List.” This listing required the country to implement an action plan comprising 19 items before May 2025 to avoid the greater danger of upgrading to the “Black List” Bakari said.
