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President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsPresident Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List (9852 Views)

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President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by abc115(op): 4:54pm On Oct 24, 2025
STATEHOUSE STATEMENT

President Tinubu welcomes delisting of Nigeria from the FATF Grey List, says Nigeria is committed to Global Financial Transparency

President Bola Ahmed Tinubu GCFR has welcomed Nigeria's delisting from the Financial Action Task Force (FATF) grey list.

The FATF announced the delisting at its Plenary in Paris, France, today.

The FATF is the world’s foremost standard-setting body for combating money laundering, terrorist financing and proliferation financing.

The announcement formally removed Nigeria from the list of jurisdictions under increased monitoring, commonly referred to as the “grey list”.

President Tinubu described the development as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity and global credibility.”


This decision follows Nigeria’s successful and timely completion of its FATF Action Plan, marking over two years of sustained effort, reform and inter-agency coordination aimed at strengthening the country’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

In February 2023, the FATF placed Nigeria on the grey list. The message from the global community was clear: the nation needed more vigorous enforcement, better coordination, and greater transparency. Rather than treat this as a setback, Nigeria viewed it as a call to action.

Under President Tinubu’s strategic leadership and in line with the economic transformation agenda of his administration, Nigeria implemented far-reaching legal, institutional and operational reforms.

This was achieved through the coordination of the Nigerian Financial Intelligence Unit (NFIU), working in conjunction with the Attorney-General of the Federation and Minister of Justice, the Minister of Finance, and the Coordinating Minister of the Economy and the Minister of Interior.

President Tinubu applauded the vital support from the Secretary to the Government of the Federation, the Minister of Aviation, the Minister for Budget and Economic Planning, the Minister for Defence, the Minister for Foreign Affairs, the Minister for Solid Minerals, the Minister of State for Finance, the National Security Adviser as well as the leadership of the National Assembly and the Judiciary, in the attainment of the laudable achievement.

President Tinubu commended the Director/Chief Executive Officer of the NFIU, Ms Hafsat Abubakar Bakari, and the staff for their diligence in ensuring the complete and timely implementation of the country’s Action Plan. He noted that the NFIU’s work has led to the recognition by the international community of the strides Nigeria has made in strengthening its measures to tackle serious crimes.

“Without their dedication and sacrifice, today’s success could not have been achieved. I thank them for their efforts and urged other stakeholders to emulate their standards”, President Tinubu said.

Nigeria’s efforts in completing the Action Plan were complemented by the country’s close partnership with the FATF and the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA).

President Tinubu acknowledged the strong support of international partners, the Governments of France, Germany, the United Kingdom, the United States, the United Nations and the European Commission, for their steadfast technical assistance during Nigeria’s reform process.

According to President Tinubu, Nigeria’s removal from the FATF grey list is “not just a technical accomplishment, it is a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.

“The exit from the FATF grey list marks the beginning of a new chapter in the nation’s financial reform agenda as Nigeria will sustain the already institutionalised reforms, deepen institutional collaboration and continue to build a financial system that Nigerians and the world can trust”.


Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
October 24, 2025
1

Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Denalarian: 10:35pm On Oct 24, 2025
Is this even worthy of celebrating? Nigeria is living on past glory
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Largernonso(m):
Ok you can jmdz nhs😅😂😁😚🥰🥰 gfghjk7fds fdZhhkkihcszcb7 ghjjkkhss
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by SpaceX: 10:37pm On Oct 24, 2025
They have found a loophole already FATF must investigate further.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by HydraFeeds(m): 10:37pm On Oct 24, 2025
Nigeria financial outlook is improving.

We just need to hit 1 trillion dollars economy.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Toosure70: 10:37pm On Oct 24, 2025
Baba, continue with your good work and do more to worker's salary, you're simply the best.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by SpaceX: 10:38pm On Oct 24, 2025
Largernonso:
Very much good and commendable
continue to sing praises to your master while they set you up down bad.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by id4sho(m): 10:38pm On Oct 24, 2025
The french are very corrupt, all african dictators have propeties there, now yall understand why Tinubu goes to france angry
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by UkoAnnang(m): 10:38pm On Oct 24, 2025
grin



What if this is got done the same way Chicago certificate was done?

I[b]don't believe that[/b]
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Saturnalia(m): 10:40pm On Oct 24, 2025
HydraFeeds:
Nigeria financial outlook is improving.
Improving on paper. Go and sample public opinions on your naive assumption.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Disenfranchised: 10:48pm On Oct 24, 2025
Nah now I believe say tinubu don sell this country to dark powers.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Jayhome24: 10:53pm On Oct 24, 2025
Denalarian:
Is this even worthy of celebrating? Nigeria is living on past glory
Do you read or heard anybody celebrating it? They said the president welcome the development. As a mater of fact you want him to be crying or what?
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by MT: 11:00pm On Oct 24, 2025
id4sho:
The french are very corrupt, all african dictators have propeties there, now yall understand why Tinubu goes to france angry
If France has written something untowards against Nigeria, you wouldnt see French as corrupt at that time.

Look yourself in the mirror and tell me what you see.

Why are you so bent on burning the country to the ground when you anticipate bad news about your very own country?

It's quite unfortunate.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by VladimirTheGrea: 11:05pm On Oct 24, 2025
Whenever those white witches start praising an African nation, know that her leaders have sold them into slavery.

Western loans have been very poisonous. There aid is Trojan gift. These old men are looting billions of Naira and buying choice properties in choice boulevard in Paris yet they dare say there is a financial transparency in Nigeria?

undecided
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by WhizdomXX(m): 11:19pm On Oct 24, 2025
Inasmuch as there is still a lot of work to do, Tinubu has outperformed my expectations, prolly because I expected little, Unlike my Senator, prolly because I expected much. I do hope they do better in their second terms. Yes they both belong in APC, although the latter decamped earlier this year.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Smartwave: 11:24pm On Oct 24, 2025
Denalarian:
Is this even worthy of celebrating? Nigeria is living on past glory
We know you people, you are immune to anything progress about Nigeria 🤣🤣🤣🤣🤣.

Get well soon 🤣🤣🤣🤣
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Konquest: 11:39pm On Oct 24, 2025
abc115:
STATEHOUSE STATEMENT


President Tinubu welcomes delisting of Nigeria from the FATF Grey List, says Nigeria is committed to Global Financial Transparency

President Bola Ahmed Tinubu GCFR has welcomed Nigeria's delisting from the Financial Action Task Force (FATF) grey list.

The FATF announced the delisting at its Plenary in Paris, France, today.

The FATF is the world’s foremost standard-setting body for combating money laundering, terrorist financing and proliferation financing.

The announcement formally removed Nigeria from the list of jurisdictions under increased monitoring, commonly referred to as the “grey list”.

President Tinubu described the development as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity and global credibility.”

This decision follows Nigeria’s successful and timely completion of its FATF Action Plan, marking over two years of sustained effort, reform and inter-agency coordination aimed at strengthening the country’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

In February 2023, the FATF placed Nigeria on the grey list. The message from the global community was clear: the nation needed more vigorous enforcement, better coordination, and greater transparency. Rather than treat this as a setback, Nigeria viewed it as a call to action.

Under President Tinubu’s strategic leadership and in line with the economic transformation agenda of his administration, Nigeria implemented far-reaching legal, institutional and operational reforms.

This was achieved through the coordination of the Nigerian Financial Intelligence Unit (NFIU), working in conjunction with the Attorney-General of the Federation and Minister of Justice, the Minister of Finance, and the Coordinating Minister of the Economy and the Minister of Interior.

President Tinubu applauded the vital support from the Secretary to the Government of the Federation, the Minister of Aviation, the Minister for Budget and Economic Planning, the Minister for Defence, the Minister for Foreign Affairs, the Minister for Solid Minerals, the Minister of State for Finance, the National Security Adviser as well as the leadership of the National Assembly and the Judiciary, in the attainment of the laudable achievement.

President Tinubu commended the Director/Chief Executive Officer of the NFIU, Ms Hafsat Abubakar Bakari, and the staff for their diligence in ensuring the complete and timely implementation of the country’s Action Plan. He noted that the NFIU’s work has led to the recognition by the international community of the strides Nigeria has made in strengthening its measures to tackle serious crimes.

“Without their dedication and sacrifice, today’s success could not have been achieved. I thank them for their efforts and urged other stakeholders to emulate their standards”, President Tinubu said.

Nigeria’s efforts in completing the Action Plan were complemented by the country’s close partnership with the FATF and the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA).

President Tinubu acknowledged the strong support of international partners, the Governments of France, Germany, the United Kingdom, the United States, the United Nations and the European Commission, for their steadfast technical assistance during Nigeria’s reform process.

According to President Tinubu, Nigeria’s removal from the FATF grey list is “not just a technical accomplishment, it is a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.

“The exit from the FATF grey list marks the beginning of a new chapter in the nation’s financial reform agenda as Nigeria will sustain the already institutionalised reforms, deepen institutional collaboration and continue to build a financial system that Nigerians and the world can trust”.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
October 24, 2025
1
In February 2023, the FATF placed Nigeria on the grey list. The message from the global community was clear: the nation needed more vigorous enforcement, better coordination, and greater transparency. Rather than treat this as a setback, Nigeria viewed it as a call to action.

Under President Tinubu’s strategic leadership and in line with the economic transformation agenda of his administration, Nigeria implemented far-reaching legal, institutional and operational reforms.


This was achieved through the coordination of the Nigerian Financial Intelligence Unit (NFIU), working in conjunction with the Attorney-General of the Federation and Minister of Justice, the Minister of Finance, and the Coordinating Minister of the Economy and the Minister of Interior.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by 9jatriot(m): 11:56pm On Oct 24, 2025
The only way lamba king can tweet about this good news is if he can find a way to twist out a bad news from it.

Somebody that used "He is Finished" to wish another human being a happy birthday can only like negative news and burial ceremonies.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by FlamingBulb: 12:48am On Oct 25, 2025
Na dis kind tin u go see den even if it was midnight will com online to gv speech to gain political praise.
Hunger and Bandits killing 300 person in 1 day no concern them
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Kentursky(m): 3:26am On Oct 25, 2025
They are here crying as usual.

Sore election losers!
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by hotseat: 3:59am On Oct 25, 2025
Denalarian:
Is this even worthy of celebrating? Nigeria is living on past glory
Any piece of good news or sign of progress always dampens your spirit.

Why?

Are you allergic to good things?

Guy, free yourself from this mindset set because it could lead to depression!



@hotseat
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Chegesnd: 5:25am On Oct 25, 2025
Idlers!
When renowned International Organizations and NGOs give a damning verdict, the Idle Govt. denounces then, but when one insignificant report is made in one corner of France they will almost call for Public Holidays.
Na statistics and projections we go chop?
Idlers!
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Honestey: 6:13am On Oct 25, 2025
I know that some born by bitterness will still speak against this and find a way to rubbish it. The hungry ones among them will ask how this will bring akpu to their damned table but we care not. May Tinubu continue to succeed and may Nigeria continue to progress.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by jamafa: 7:16am On Oct 25, 2025
Saturnalia:
Improving on paper. Go and sample public opinions on your naive assumption.
The same public that increases price of commodities each time there's a little rise in dollar?? And refused to reciprocate the same each time there's in decrease in dollar.

Nah we masses dey do ourselves. Shey nah government dey set prices of commodities??
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Believeintruth: 7:26am On Oct 25, 2025
Honestey:
I know that some born by bitterness will still speak against this and find a way to rubbish it. The hungry ones among them will ask how this will bring akpu to their damned table but we care not. May Tinubu continue to succeed and may Nigeria continue to progress.
Who are those born by bitterness? Don't be a coward mention them with your full chest.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by HydraFeeds(m): 7:51am On Oct 25, 2025
Saturnalia:
Improving on paper. Go and sample public opinions on your naive assumption.
So in your wisdom ,you know better than all international organisations that are giving Nigeria better ratings ?

People always complain but I guess you don't know basic economics of human wants are insatiable hence your ignorant public comment .

The economy is bad according to you but people are still building houses ,buying cars ,hosting events etc .
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by BreconHills(m): 8:00am On Oct 25, 2025
id4sho:
The french are very corrupt, all african dictators have propeties there, now yall understand why Tinubu goes to france angry
The relationship of the FATF office to France is the same as thevUN office in Nigeria to Nigeria. France is a host not an operator of the FATF.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by Guestmale: 8:50am On Oct 25, 2025
Denalarian:
Is this even worthy of celebrating? Nigeria is living on past glory
Please don't be allergic to good news.
Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by toprealman: 9:27am On Oct 25, 2025
Bro dropping lamba back to back. If it dey , e dey. If it didn’t dey, it didn’t dey!

Re: President Tinubu Welcomes Delisting Of Nigeria From The FATF Grey List by phemray(m): 9:33am On Oct 25, 2025
Denalarian:
Is this even worthy of celebrating? Nigeria is living on past glory
Meaning u don't understand the implications on the Nigeria financial integrity. It was achieved by seriously hard work. But why does Nigeria celebrated the loan forgiveness during OBJ after fulfilling the terms of the world Bank. This worthy of celebration and sustainability.
1 2 Reply

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