Nigeria has been officially removed from the European Union’s list of high-risk countries for anti-money laundering and terrorism financing.
The decision follows Nigeria’s successful removal from the Financial Action Task Force (FATF) grey list in October 2025 after implementing reforms to strengthen its anti-money laundering and counter-terrorism financing frameworks.
Minister of Finance and Coordinating Minister of the Economy Wale Edun credited President Bola Tinubu’s leadership, strong political will, and reforms across government agencies for the achievement. He noted that Nigeria has significantly strengthened its AML/CFT framework, boosting the nation’s global financial credibility.
The minister praised the collaborative efforts of regulators, the Nigerian Financial Intelligence Unit, law enforcement, the judiciary, and the private sector and reaffirmed Nigeria’s commitment to sustaining these reforms and working closely with international partners to keep its financial system transparent and aligned with global standards.
The removal is expected to ease business transactions between Nigerian and European entities, improve banking relationships, and boost investor confidence in Africa’s largest economy.