The Nigeria Governors’ Forum has congratulated President Bola Ahmed Tinubu on the country’s removal from the Financial Action Task Force’s Grey List. In a letter to the President, NGF Chairman Governor AbdulRahman AbdulRazaq attributed this achievement to the President’s leadership and commitment to strengthening governance and transparency.
The removal from the Grey List is a significant milestone, marking a major breakthrough in Nigeria’s efforts to combat financial crimes. The Nigerian Financial Intelligence Unit announced the official exit on Friday, following the Financial Action Task Force’s October 2025 Plenary in Paris, France. This decision reflects the country’s progress in addressing concerns related to money laundering and terrorist financing.
The NGF views this development as a testament to the impact of the reform agenda championed by the Renewed Hope Administration, which focuses on fiscal prudence, anti-corruption, and restoring Nigeria’s global standing. The exit from the Grey List is expected to restore international confidence in the country’s financial system, providing a foundation for inclusive growth, responsible governance, and sustainable development.
The Nigerian government has made significant efforts to strengthen its anti-money laundering and combating the financing of terrorism framework, leading to this positive outcome. The removal from the Grey List is seen as a historic moment in Nigeria’s fight against serious financial crimes. The NGF has reaffirmed its commitment to working with the Federal Government to consolidate these gains, ensure continued compliance with global benchmarks, and build a resilient economy.
The Financial Action Task Force’s decision is a welcome development for Nigeria, as it seeks to enhance its economic reputation and attract foreign investment. The country’s removal from the Grey List is expected to have a positive impact on its economic development, as it will no longer be subject to increased monitoring and scrutiny. With this achievement, Nigeria is poised to strengthen its position in the global economy and improve its relationships with international partners.