Nigeria, a member of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), has been congratulated by the President of the Financial Action Task Force (FATF), Elisa de Anda Madrazo, for being removed from the grey list of countries.
Madrazo stated that Nigeria has demonstrated strong political will and inter-agency collaboration in combating financial crimes over the last two years under President Bola Tinubu, since the country was placed on the grey list.
“Nigeria has demonstrated a strong political commitment to fighting financial crimes. However, let me be clear: it is not only that we have seen a political commitment to exit the grey list … It is because we have seen the change and the political measures put in place,” she said.
This giant economic stride in Nigeria’s financial system was announced by Elisa de Anda Madrazo at the FATF’s plenary in Paris, France, and the removal of three other African countries -Mozambique, Burkina Faso, and South Africa -from the grey list.
