BREAKING: FATF removes Nigeria from watchlist on Money laundering, terror financing

The Financial Action Task Force (FATF) has officially removed Nigeria from its greylist of countries identified as having weaknesses in anti-money laundering and counter-terrorist financing systems.

The global financial watchdog announced the decision at the end of its plenary meeting on Friday.

Nigeria was listed among four African countries—alongside South Africa, Mozambique, and Burkina Faso—that were delisted after demonstrating significant progress in strengthening their financial oversight mechanisms.

According to FATF, the affected countries made substantial efforts to improve their frameworks and curb money laundering and terrorist financing activities.