The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has commended the Nigerian Financial Intelligence Unit (NFIU) and all national stakeholders for their exemplary efforts leading to Nigeria’s removal from the Financial Action Task Force (FATF) Grey List at the October 2025 Plenary in Paris, France.
Ambassador Tuggar described the milestone as “a victory for Nigeria’s reform agenda and a resounding affirmation of President Bola Ahmed Tinubu’s commitment to transparency, accountability, and global best practices.”
He noted that the delisting marks a significant stride in restoring investor confidence and strengthening Nigeria’s international credibility in financial governance, economic diplomacy, and anti-corruption initiatives.
“Nigeria’s removal from the FATF Grey List is not just a technical achievement; it is a reflection of our moral and institutional renewal,” Tuggar stated. “It reinforces the President’s vision of a transparent Nigeria that upholds the principles of the Renewed Hope Agenda both at home and abroad.”
The Minister praised the coordinated efforts of the Attorney-General of the Federation, the Minister of Finance and Coordinating Minister of the Economy, and the Director/CEO of the NFIU, Hamat Abdullahi Bakari, for steering a reform process that addressed FATF’s Action Plan within record time.
Ambassador Tuggar added that the development will further enhance Nigeria’s economic diplomacy by improving the country’s risk profile, easing cross-border financial transactions, and deepening trust with global partners and investors.
He reaffirmed that the Ministry of Foreign Affairs will continue to project Nigeria’s new image of integrity and professionalism across the international system.
“As we consolidate this success, the Ministry will work with our missions worldwide to communicate Nigeria’s transformation as a credible, rules-based and responsible partner in the global economy,” he emphasized.
The Minister also congratulated President Tinubu for his leadership and expressed optimism that this achievement will open a new chapter for Nigeria’s economic resurgence, investor confidence, and alignment with global financial standards.
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