The Securities and Exchange Commission (SEC), has hailed Nigeria’s removal from the Financial Action Task Force (FATF) grey list.
By Ginika Okoye
The Securities and Exchange Commission (SEC), has hailed Nigeria’s removal from the Financial Action Task Force (FATF) grey list.
It described it as a reflection of the country’s renewed policy direction and commitment to transparency.
FATF had on Oct. 24, announced the delisting of Nigeria from its grey list of countries with deficiencies in anti-money laundering and counter financing terrorism (AML/CFT) frameworks.
Dr Emomotimi Agama, the Director-General of SEC in a notice in Abuja on Monday, said the development would enhance investors’ confidence and attract more foreign investments.
Agama who was reacting to the delisting, described it as a ‘welcome call to new investments’, saying it would strengthen productivity and growth in the country’s economy.
He said the move was a major milestone in the country’s journey toward economic reform, institutional integrity, and global credibility.
”This means so much for us in the capital market and the financial system.
”It brings about something that we have been craving for and that is investors’ confidence.
“Delisting the country from that grey list sends a very strong signal to investors and trading partners that Nigeria has made significant progress in strengthening its anti-money laundering,” Agama said.
The News Agency of Nigeria (NAN) reports that the decision to remove Nigeria from the list was taken at the FATF October 2025 Plenary in Paris, France.
The decision followed the country’s successful implementation of a 19-point action plan aimed at strengthening its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework. (NAN)