Nigeria exited the FATF grey list in October 2025, after being placed on it in February 2023, approximately 32 months later

  • Nigeria exited the FATF grey list in October 2025, after 32 months of monitoring.
  • The country was added to the grey list in February 2023 due to technical compliance shortcomings.
  • FATF conducted an assessment of Nigeria’s AML/CFT measures in 2008, marking the beginning of its oversight of the measures.
  • Between 2010 and 2013, Nigeria appeared repeatedly in FATF statements for strategic AML/CFT deficiencies.

Nigeria’s journey with the Financial Action Task Force (FATF) has been a long and eventful one, spanning years of assessments, compliance updates, and monitoring. The most recent milestone came in October 2025, when Nigeria successfully exited the FATF grey list after approximately 32 months of increased monitoring. This marked a significant step forward for the country, signalling notable progress in combating money laundering and terrorist financing—two issues that have long challenged financial transparency and investor confidence in Nigeria’s economy.

Source:

Financial Action Task Force (FATF)

Period:

2008-2025
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