CBN Vows to Consolidate Reforms as Nigeria Exits FATF Grey List
The Central Bank of Nigeria (CBN) has vowed to consolidate recent financial system reforms, emphasizing that compliance, innovation, and trust must advance hand in hand to reinforce financial stability and strengthen Nigeria’s global credibility.
This pledge follows the Financial Action Task Force’s (FATF) formal announcement removing Nigeria from its list of jurisdictions under increased monitoring, commonly referred to as the “grey list.”
The decision comes after a successful on-site evaluation of Nigeria’s anti-money laundering and counter-terrorist financing frameworks, marking a significant milestone in the country’s financial reform journey.
Compliance, innovation, and trust must continue to advance hand in hand to reinforce financial stability and strengthen Nigeria’s global credibility.
Author's summary: Nigeria exits FATF grey list after reforms.
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