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FATF exit reopens door for capital, lifts naira - BUSINESSDAY
In a crucial endorsement of its two-year reform push, Nigeria has been officially removed from the Financial Action Task Force (FATF) Grey List, the global watchlist for deficiencies in anti-money laundering and counter-terrorism financing controls. The decision, announced Friday at the FATF Plenary in Paris, signals a sovereign inflection point that immediately lowers financial risk and positions the nation to attract greater foreign capital.
The delisting follows a sustained, inter-agency coordination—a ‘call to action’ after being placIn a crucial endorsement of its two-year reform push, Nigeria has been officially removed from the Financial Action Task Force (FATF) Grey List, the global watchlist for deficiencies in anti-money laundering and counter-terrorism financing controls. The decision, announced Friday at the FATF Plenary in Paris, signals a sovereign inflection point that immediately lowers financial risk and positions the nation to attract greater foreign capital.
