Nigeria Delisted from FATF Grey List

The Financial Action Task Force announced at its October 2025 plenary in Paris that Nigeria, South Africa, Mozambique and Burkina Faso have been removed from the FATF grey list after completing their action plans. Nigeria’s delisting followed full implementation of a 19‑point action plan — including new AML/CFT laws, a Beneficial Ownership Register and strengthened capacity at the Nigerian Financial Intelligence Unit — measures President Bola Tinubu called a strategic victory for economic reform and international credibility. FATF President Elisa de Anda Madrazo credited Nigeria’s strong political will, improved inter‑agency coordination and enhanced ability to investigate and prosecute complex money‑laundering and terrorist‑financing cases. South Africa’s removal reflected resolution of 22 strategic deficiencies through stepped‑up investigations, prosecutions, asset seizures and tighter oversight of high‑risk sectors, moves officials said should lower transaction costs and boost investor confidence. Observers warned the gains depend on sustained enforcement, supervision and prosecutions to avoid relapse into non‑compliance.