Nigeria TV Info – Governors Hail Nigeria’s Removal from FATF Grey List, Commend Tinubu’s Financial Reforms

Abuja, Nigeria (October 26, 2025) – Nigerian governors have hailed the removal of Nigeria from the Financial Action Task Force (FATF) grey list, describing the development as clear evidence of the financial discipline, transparency, and integrity introduced by the administration of President Bola Ahmed Tinubu.

The governors, under the umbrella of the Nigeria Governors’ Forum (NGF), stated that the decision by FATF to delist Nigeria from jurisdictions under increased monitoring was a product of consistent reforms and years of thorough review of the country’s financial systems.

In a statement issued on Saturday by the Director of Media and Strategic Communications of the NGF, Yunusa Abdullahi, the governors credited the achievement to coordinated efforts between the Federal Government, state governments, and key financial institutions.

> “This remarkable result was predicated on the diplomatic and political efforts of President Bola Ahmed Tinubu, governors of the thirty-six states of the federation, and notable institutions such as the Federal Ministry of Finance, the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC), and the Nigeria Financial Intelligence Unit (NFIU),” the statement read.

Similarly, the Central Bank of Nigeria (CBN) welcomed the country’s removal from the grey list, describing it as a strong affirmation of Nigeria’s reform trajectory and a testament to the growing integrity and resilience of its financial system.

Nigeria was placed on the FATF grey list in 2023 after the global financial watchdog identified deficiencies in the country’s anti-money laundering and counter-terrorism financing framework. The delisting now positions Nigeria more favorably in global financial markets and could boost investor confidence, strengthen international partnerships, and improve financial inflows.

Analysts believe the move marks a significant milestone in Nigeria’s ongoing financial reforms and underscores the government’s commitment to transparency, accountability, and international best practices.