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ARTICLE · 05 NOVEMBER 2025

Nigeria Removed From FATF Grey List

Aluko & Oyebode
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At the just concluded Financial Action Task Force ("FATF") Plenary meeting held between the 22nd and 24th of October 2025, Nigeria, alongside other African nations Burkina Faso...

NigeriaGovernment, Public Sector
Adeolu Idowu
Adeolu Idowu
Oluwatamilore Sowunmi
Oluwatamilore Sowunmi

At the just concluded Financial Action Task Force (“FATF”) Plenary meeting held between the 22nd and 24th of October 2025, Nigeria, alongside other African nations Burkina Faso, Mozambique and South Africa was removed from the FATF Grey list- list of jurisdictions which had been placed under increased monitoring to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing (“AML/CFT/CPF”), and which had required an application of the prescribed risk-based approach in other nation's financial and business dealings with Nigeria.

The plenary congratulated Nigeria for the positive progress made in addressing its strategic AML/CFT/CPF deficiencies which had led to Nigeria being placed on the FATF Grey list in February 2023, and also commended Nigeria for completing the Action Plan within agreed timeframes.

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