Delisting from FATF Grey List: Implications for Nigeria's Economy
Nigeria was removed from the Financial Action Task Force (FATF) global money laundering watch list on October 24, 2025, marking a significant step in the country's financial reform efforts and global credibility.
The country was initially placed on the FATF grey list in February 2023 due to strategic deficiencies in its anti-money laundering and counter-terrorist financing systems, raising concerns about its ability to prevent illicit financial flows and meet global standards.
Nigeria's delisting signals a major stride in the country's financial reform efforts and global credibility.
- Nigeria was delisted from the FATF grey list on October 24, 2025.
- The country was initially placed on the list in February 2023 due to deficiencies in its anti-money laundering systems.
Author's summary: Nigeria's economy gains credibility after delisting.
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