Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says Nigeria’s exit from the Financial Action Task Force (FATF) grey list reflects the country’s clear policy direction.
On Friday, FATF announced the delisting of Nigeria from its grey list of countries with deficiencies in anti-money laundering and counter-terrorism financing frameworks.
In a statement from the bank following the announcement, Cardoso said the FATF’s decision to remove Nigeria from the grey list is a strong affirmation of the country’s reform trajectory and the growing integrity of its financial system.
“It reflects a clear policy direction and the coordinated efforts of key national institutions working together to deliver sustainable, standards-based reforms,” the CBN governor said.
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“Our priority now is to consolidate these gains, ensuring that compliance, innovation, and trust continue to advance hand in hand to reinforce financial stability and strengthen Nigeria’s global credibility.”
Nigeria joins South Africa, Mozambique, and Burkina Faso as the latest African countries to achieve this milestone, reflecting broader progress across the continent.
The CBN reiterated its commitment to strengthening collaboration with domestic and international partners to sustain a sound, transparent, and trusted financial system that safeguards financial stability and market integrity while advancing inclusive and sustainable economic growth.
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Earlier, President Bola Tinubu said Nigeria’s removal from the grey list marks a new chapter in the country’s financial reform agenda.
