The Chief Executive Officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU), Ms. Hafsat Bakari, has announced that Nigeria is expected to exit the Financial Action Task Force (FATF) grey list by late 2025.
The FATF is the global body established in 1995 to lead efforts against money laundering, terrorist financing, and proliferation financing.
Bakari highlighted that exiting the grey list of jurisdictions under increased monitoring, would mark significant progress for Nigeria and reinforce the country’s commitment to a more transparent financial environment.