CBN Vows to Consolidate Reforms as Nigeria Exits FATF Grey List
The Central Bank of Nigeria (CBN) has pledged to consolidate recent financial system reforms, emphasizing the importance of compliance, innovation, and trust in advancing financial stability and strengthening Nigeria's global credibility.
This commitment follows the Financial Action Task Force's (FATF) decision to remove Nigeria from its list of jurisdictions under increased monitoring, commonly referred to as the "grey list."
According to the CBN, the decision was made 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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