The Presidency will take concrete steps to ensure Nigeria’s removal from the Grey
list of the global Financial Action Task Force (FATF) before May 2025 deadline.

The Chief of Staff to the President, Hon. Femi Gbajabiamila who gave the assurance
during a fact-finding visit to the Nigerian Financial Intelligence Unit (NFIU) office in
Abuja yesterday, pledged the Federal government’s determination to address the
deficiencies that led to Nigeria being on the list.

It would be recalled that on February 24, 2023, Nigeria was placed on the global
Financial Action Task Force Grey List due to rising capital inflows and shortcomings in
combating money laundering, terrorism, and arms financing.

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