The Federal Airports Authority of Nigeria (FAAN) has commended the country’s removal from the Financial Action Task Force (FATF) grey list, describing it as a major step in strengthening Nigeria’s global financial credibility.
FAAN’s Managing Director, Mrs Olubunmi Kuku, congratulated the Nigerian Financial Intelligence Unit (NFIU) and other collaborating agencies for their dedication and coordination in achieving the milestone.
“I am profoundly proud and elated at this remarkable achievement,” Kuku said. “This success shows our nation’s capacity to achieve great things when we work together with a common purpose.”
She also praised NFIU’s Chief Executive Officer, Hafsat Abubakar Bakari, for her leadership in steering the process that led to Nigeria’s removal from the list.
According to Kuku, the development signals that Nigeria is no longer under enhanced international monitoring for weaknesses in its anti-money laundering and counter-terrorist financing frameworks. She said the decision will improve investor confidence, reduce trade restrictions, and enhance Nigeria’s standing in global financial systems.
“This marks a significant turning point for Nigeria. It restores international confidence, facilitates smoother trade, and boosts our attractiveness to foreign investors,” she said.
Kuku added that FAAN had contributed meaningfully to the collective effort, reaffirming its commitment to integrity, transparency, and institutional accountability.
She urged global investors to take advantage of Nigeria’s improving financial governance environment, assuring them of a safe and rewarding business climate supported by ongoing reforms.
