CBN Celebrates Nigeria’s Removal from FATF Grey List!

CBN Celebrates Nigeria’s Removal from FATF Grey List!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

The Central Bank of Nigeria (CBN) has applauded the nation’s removal from the Financial Action Task Force (FATF) grey list, describing it as a major endorsement of Nigeria’s financial reform efforts and anti-money laundering systems.

What We Know:

• In a statement released Saturday, the CBN noted that the delisting reflects progress made through collaboration between financial institutions, regulators, and security agencies.
• Governor Olayemi Cardoso hailed the move as a “global vote of confidence” in Nigeria’s financial transparency and regulatory upgrades.
• The apex bank reaffirmed its commitment to upholding international financial standards going forward.

Quote:

“This milestone is not just symbolic — it demonstrates that Nigeria is aligning with global best practices in fighting financial crimes,”
— Olayemi Cardoso, CBN Governor

Why It Matters:

• The FATF grey list previously created friction in Nigeria’s cross-border transactions, affecting investor confidence and bank operations.
• Removal from the list can improve Nigeria’s reputation in global finance and ease compliance burdens for local financial institutions.

What to Watch:

Strengthening of AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) policies.

• How financial institutions leverage this momentum to attract foreign investments.
• Monitoring to avoid future non-compliance that could lead to relisting.

Sources:

1. CBN Official Statement – Oct. 26, 2025
2. FATF Public Statement – Oct. 25, 2025
3. Bloomberg – “Nigeria Exits FATF Grey List After Regulatory Reforms”

About The Author

Marian Opeyemi Fasesan

editor

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

See author's posts