INTRODUCTION
On 24th October 2025, the Financial Action Task Force (FATF) officially delisted Nigeria, South Africa, Mozambique, and Burkina Faso from its grey list of countries subject to increased monitoring for money laundering, terrorist financing and proliferation financing risks.
This development was greeted with palpable excitement and widespread acclaim within Nigeria’s financial intelligence and law enforcement circles. For the Nigerian Financial Intelligence Unit (NFIU) and the Economic and Financial Crimes Commission (EFCC), it marked the culmination of over 2 (two) years of intensive effort to implement the Financial Action Task Force (FATF) recommendations and ensure that Nigeria successfully emerged from the constraints of the FATF grey list. Nigeria’s delisting is undoubtedly commendable, and the credit must go to all the stakeholders who worked so hard to achieve this feat – the Nigerian government, the NFIU, the EFCC, Nigerian banks, and even the civil society in Nigeria.
