The Chief of Staff to the President, Femi Gbajabiamila, has assured that Nigeria will exit the Financial Action Task Force (FATF) grey list before the May 2025 deadline. During a visit to the Nigerian Financial Intelligence Unit (NFIU) in Abuja, Gbajabiamila emphasized the government’s commitment to addressing the deficiencies that led to Nigeria’s inclusion on the list.
Gbajabiamila praised the NFIU’s progress, noting that 30% of the required action plan has been completed but urged for accelerated efforts to meet the deadline. He also promised continued collaboration with NFIU to strengthen Nigeria’s financial system against threats such as terrorism financing and money laundering.
NFIU CEO, Hafsat Bakari, highlighted the agency’s achievements, including fostering inter-agency cooperation and connecting 18 state revenue services to boost domestic revenue mobilization. Bakari also stressed the need for continuous upgrades to combat evolving financial crimes, particularly in cybercrime and cryptocurrencies.
The Chief of Staff also visited other key agencies under the supervision of the State House, reaffirming the government’s dedication to ensuring Nigeria’s financial stability and security.
