Overview
At the Financial Action Task Force (FATF) Plenary meeting held from October 22 to 24, 2025, Nigeria and several other African countries, including Burkina Faso, 1 Mozambique, and South Africa, were removed from the FATF Grey List. This milestone underscores Nigeria's substantial progress in strengthening its frameworks for anti-money laundering (AML), countering the financing of terrorism (CFT), and counter proliferation financing (CPF). To fully appreciate the significance of this achievement, it is important to understand the role of the FATF, the purpose of its listing system, and Nigeria's journey in enhancing its financial integrity mechanisms. This article examines these aspects, tracing Nigeria's efforts and reforms in the fight against money laundering, terrorism financing and proliferation financing.
