Nigeria's Ministry of Finance said it is intensifying efforts to secure the country’s removal from the Financial Action Task Force (FATF) grey list by Q2 2025, focusing on addressing remaining deficiencies in Nigeria’s anti-money laundering and counter-terrorist financing (AML/CFT) regime. In a meeting in Abuja with relevant federal Ministries, Departments and Agencies, the Minister of State for Finance, Dr. Doris Uzoka-Anite, said the Government has directed all relevant agencies to take immediate and decisive action to meet FATF requirements, and highlighted transparency and cooperation as part of the approach. The ministry linked a successful exit from the grey list to improved international confidence in Nigeria’s financial system and to supporting investor confidence and economic opportunities.
Ministry of Finance (Nigeria) 2025-03-07
Nigeria's Ministry of Finance directs agencies to take immediate action to exit the FATF grey list by Q2 2025
Nigeria's Ministry of Finance aims to remove the country from the FATF grey list by Q2 2025 by addressing deficiencies in its anti-money laundering and counter-terrorist financing regime. The government has directed agencies to meet FATF requirements, emphasizing transparency and cooperation. Successful removal is linked to enhanced international and investor confidence in Nigeria's financial system.