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Key FactsCBN Welcomes Nigeria’s FATF Delisting
Oct 25, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: punchng.com
  • On Friday, the FATF removed Nigeria, South Africa, Mozambique, and Burkina Faso from its list of jurisdictions under increased monitoring.

  • Nigeria’s two-year reform programme involved several agencies, while the CBN strengthened financial-sector supervision, transparency, governance, and compliance monitoring.

  • The CBN said delisting could ease international transactions, lower compliance costs for Nigerian firms, and improve access to international finance.

  • Nigeria had been listed since February 2021; Governor Olayemi Cardoso said the reform direction was validated and should now be consolidated.
  • The FATF’s decision to remove Nigeria from the grey list is a strong affirmation of our reform trajectory and the growing integrity of our financial system.
    — Olayemi Cardoso, Governor of the Central Bank of Nigeria, commenting on the FATF decision to remove Nigeria from the grey list.
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