CBN Vows to Consolidate Reforms as Nigeria Exits FATF Grey List
The Central Bank of Nigeria (CBN) has pledged to build on recent financial system reforms, emphasizing the importance of compliance, innovation, and trust in advancing financial stability and strengthening Nigeria's global credibility.
This commitment comes after the Financial Action Task Force (FATF) officially removed Nigeria from its "grey list" of jurisdictions under increased monitoring, following a successful on-site evaluation of the country's anti-money laundering and counter-terrorist financing frameworks.
Compliance, innovation, and trust must continue to advance hand in hand to reinforce financial stability and strengthen Nigeria’s global credibility.
The CBN's statement highlights the significance of this milestone in Nigeria's financial reform journey.
Author's summary: Nigeria exits FATF grey list after reforms.
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