Mirian Gom 
ABUJA, Nigeria – The Financial Action Task Force (FATF) has officially removed Nigeria from its grey list, marking a major milestone in the country’s fight against money laundering and terrorist financing.
The decision was reached at the FATF October 2025 Plenary in Paris after Nigeria successfully implemented a 19-point reform plan to strengthen its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.
Nigeria had been placed under increased monitoring in February 2023 due to identified deficiencies in its financial integrity systems.
Key achievements cited by FATF include the enactment of the Money Laundering (Prevention and Prohibition) Act, 2022, and the Terrorism (Prevention and Prohibition) Act, 2022, alongside the operationalisation of the Beneficial Ownership Register to enhance corporate transparency.
Director/CEO of the Nigerian Financial Intelligence Unit (NFIU), Hafsat Bakari, on Friday hailed the development as “a historic moment that reaffirms Nigeria’s commitment to global standards in combating financial crimes.”
Bakari said Nigeria’s exit “demonstrates resilience, coordination, and unwavering dedication to reform.”
She revealed that Burkina Faso, Mozambique, and South Africa were also delisted during the plenary.
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Oluwafunbi Bello 
Korede Abdullah 
Hussaini Ibrahim 
Otamere Gladness