EU Removes Nigeria From High-Risk Financial List - Politics

EU Removes Nigeria From High-Risk Financial List - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › EU Removes Nigeria From High-Risk Financial List (8920 Views)

EU Removes Nigeria From High-Risk Financial List by seunmsg(op): 7:25pm On Jan 15

Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to ease trade, payments and investment flows between the country and Europe, according to a report by Business Insider.

Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania, had strengthened its AML/CFT regimes and no longer posed “strategic deficiencies” under EU assessment standards.

The commission noted that the affected countries had implemented reforms that brought their financial systems in line with international standards set by the FATF.

Reacting to the development, the Minister of State for Finance, Dr Doris Uzoka-Anite, described Nigeria’s removal from the list as a major boost to investor confidence.

In a post on X on Thursday, she wrote, “Big win for Nigeria! Removed from EU’s financial ‘high-risk’ list!Congrats to President @officialABAT on this achievement. As Minister of State for Finance, I’m proud of this boost to trade and investor confidence.”

Being on the EU’s high-risk list previously meant that transactions with European partners required enhanced due diligence, stricter documentation, and additional oversight.

Nigerian businesses and banks faced increased scrutiny, which slowed cross-border trade and complicated investment flows.

https://punchng.com/eu-removes-nigeria-from-high-risk-financial-list/#google_vignette

22 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by seunmsg(op): 7:26pm On Jan 15

Thank you President Bola Tinubu for all you’re doing to reform and reposition the country.

82 Likes 5 Shares

Re: EU Removes Nigeria From High-Risk Financial List by MufasaLion: 7:28pm On Jan 15

Good news but Mr. Ahmed Tinubu should do better with his governance.

6 Likes

Re: EU Removes Nigeria From High-Risk Financial List by Bea1234: 7:28pm On Jan 15

seunmsg:
Thank you President Bola Tinubu for all you’re doing to reform and reposition the country.

Laptop boy hustling for his daily bread 🍞 grin

27 Likes 2 Shares

Re: EU Removes Nigeria From High-Risk Financial List by iwaeda: 7:32pm On Jan 15

EU has no bearing against, let America remove us from visa ban. grin

1 Like 3 Shares

Re: EU Removes Nigeria From High-Risk Financial List by AMINDA: 7:37pm On Jan 15

Chai! The way Agbadorians are fishing for achievements eh! It is well. Meanwhile, we don't even know who our Finance Minister is and the president has not stepped foot in the country this year.

6 Likes 3 Shares

Re: EU Removes Nigeria From High-Risk Financial List by yarimo(m): 7:50pm On Jan 15

Nigerians are just happy and proud to have TINUBU as president

71 Likes 2 Shares

Re: EU Removes Nigeria From High-Risk Financial List by Flangelo12: 8:07pm On Jan 15

Bea1234:
Laptop boy hustling for his daily bread 🍞

E pain you sha.

Talk true.

grin

71 Likes 2 Shares

Re: EU Removes Nigeria From High-Risk Financial List by reminize: 8:19pm On Jan 15

Thank Godquote author=seunmsg post=138150012]

https://punchng.com/eu-removes-nigeria-from-high-risk-financial-list/#google_vignette[/quote]

Re: EU Removes Nigeria From High-Risk Financial List by ImoleNaija: 8:19pm On Jan 15

seunmsg:
Thank you President Bola Tinubu for all you’re doing to reform and reposition the country.

Unfortunately, enemies of progress wouldn't see anything good about this. They are determined to criticize him out of Aso rock.

32 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by ednut1(m): 8:20pm On Jan 15

Europe wants more of our looted funds. When they collect am well they lock the door again

55 Likes 3 Shares

Re: EU Removes Nigeria From High-Risk Financial List by Omalicious1: 8:20pm On Jan 15

seunmsg:
https://punchng.com/eu-removes-nigeria-from-high-risk-financial-list/#google_vignette

Are we producing or are we consuming as a Nation?

2 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by Commonguy(m): 8:20pm On Jan 15

Let me read comments first

Re: EU Removes Nigeria From High-Risk Financial List by ryloy: 8:21pm On Jan 15

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

17 Likes

Re: EU Removes Nigeria From High-Risk Financial List by helinues: 8:22pm On Jan 15

We are ahead of them Asiwaju

54 Likes 2 Shares

Re: EU Removes Nigeria From High-Risk Financial List by Emeskhalifa(m): 8:23pm On Jan 15

Emergency lovers of Nigeria will soon tell us that Asiwaju Bribed the Europeans grin

15 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by kernniejay(m): 8:23pm On Jan 15

AMINDA:
Chai! The way Agbadorians are fishing for achievements eh! It is well. Meanwhile, we don't even know who our Finance Minister is and the president has not stepped foot in the country this year.

Sane people are looking for good news, abnormal people are busy looking for bad news to dig out.

22 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by Tenses: 8:23pm On Jan 15

EU has always been an accomplice to financial crime in Nigeria.

4 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by autoez: 8:23pm On Jan 15

Bea1234:
Laptop boy hustling for his daily bread 🍞

Owebedents buahahahahahah🤣🤣😭😜

9 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by helinues: 8:23pm On Jan 15

iwaeda:
EU has no bearing against, let America remove us from visa ban.

Why? Must it be on every positive news you will display bitterness?

Why everyday matter?

And you will still add laughing emoji on something just too boring. Na wha for you oo

45 Likes 2 Shares

Re: EU Removes Nigeria From High-Risk Financial List by SmartPolician: 8:24pm On Jan 15

ImoleNaija:
Unfortunately, enemies of progress wouldn't see anything good about this. They are determined to criticize him out of Aso rock.

Nobody is an enemy of Nigeria - people are up against a man with a questionable background and history who should have no business leading the country

6 Likes 2 Shares

Re: EU Removes Nigeria From High-Risk Financial List by givedemwotowoto: 8:24pm On Jan 15

How much of this paid global image lobbying has reflected on the pockets of millions of Nigerians who have been impoverished by this government?

This man has spent over 50% of his time living abroad and paying millions of dollars to lobbyists to launder his government’s image, while millions of Nigerians face high insecurity and extreme hardship.

4 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by esnbrutality: 8:25pm On Jan 15

Even a MAD man knows that the European Union is a gathering of colonialist and expansionist who package their 'ESTATES' as they deem fit.

All this propaganda is required because of the intent to still be parasitic. The EU has lost its relevance in the Community of Nations.

That is why they push weak propaganda to make their subjects cling to endorsements from them.

Seunmsg ..the EU is irrelevant and your greatest enemy. Believing this hogwash from them shows that you really needed a face saving endorsement because of TINUBUs unmitigated failure.

Seunmsg..na Macron run am...we know the drill.

4 Likes

Re: EU Removes Nigeria From High-Risk Financial List by freemanq(m): 8:25pm On Jan 15

EU can't just give us audio report? How did we get out. An average Nigerians can't feel nothing about any reform. Let's tell ourselves the truth

5 Likes

Re: EU Removes Nigeria From High-Risk Financial List by Originalsly: 8:25pm On Jan 15

What have the investors done for us ...not themselves ..or their of country... what have they done for us? Bilateral trade ... what have we been exporting)

1 Like

Re: EU Removes Nigeria From High-Risk Financial List by muykem: 8:26pm On Jan 15

AMINDA:
Chai! The way Agbadorians are fishing for achievements eh! It is well. Meanwhile, we don't even know who our Finance Minister is and the president has not stepped foot in the country this year.

God will bless you abundantly during Tinubu regime. I know hatred will not make say Amen having seen Tinubu name.

7 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by mascot87(m): 8:27pm On Jan 15

Instead of the 🤡 to give kudos to the government on this, they will be here making references to nonsense not related to the news. God job PBAT

8 Likes 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by anonimi: 8:28pm On Jan 15

seunmsg:
Thank you President Bola Tinubu for all you’re doing to reform and reposition the country.

Reform and reposition Nigeria into more debt while claiming to hit his revenue targets in August, and despite $84 billion subsidy savings huh

Balablu propaganda is different from proper agenda governance results.

1 Like 1 Share

Re: EU Removes Nigeria From High-Risk Financial List by UkoAnnang(m): 8:28pm On Jan 15

Another lobby down the lane

1 Like

Re: EU Removes Nigeria From High-Risk Financial List by TheStoriesOfMan: 8:29pm On Jan 15

God bless H.E Goodluck Ebele Jonathan.

The best president in Nigeria.

God bless PDP. The winning party.

2 Likes

1 2 3 Reply

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