The Nigerian Senate has hailed President Bola Ahmed Tinubu, Senate President Godswill Akpabio, and major anti-corruption and financial regulatory agencies for their pivotal roles in securing Nigeria’s removal from the Financial Action Task Force (FATF) Grey List.
In a motion adopted at Tuesday’s plenary, the Senate praised the coordinated efforts of the Economic and Financial Crimes Commission (EFCC), Central Bank of Nigeria (CBN), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigerian Financial Intelligence Unit (NFIU) for implementing key anti-money laundering and counter-terrorism financing (AML/CFT) reforms that restored global confidence in Nigeria’s financial system.
Lawmakers described Nigeria’s exit from the FATF Grey List as a “major milestone” in strengthening transparency, improving the investment climate, and enhancing the country’s reputation in the global financial community.
The Senate also urged relevant institutions to sustain ongoing financial reforms and ensure full compliance with international best practices to prevent Nigeria’s re-listing in the future.
Nigeria’s removal from the FATF monitoring list marks a significant boost to President Tinubu’s economic reform agenda and underscores the administration’s commitment to good governance, accountability, and financial integrity.
