NEITI says Nigeria’s FATF delisting shows progress in transparency and anti-corruption reforms.
The Nigeria Extractive Industries Transparency Initiative (NEITI) has praised Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing it as a major milestone in the country’s anti-corruption and financial transparency reforms.
In a statement signed by the Director of Communications and Stakeholders Management, Mrs. Obiageli Onuorah, NEITI’s Executive Secretary, Dr. Orji Ogbonnaya Orji, said the development represents “a strong vote of confidence in Nigeria’s reforms to combat corruption, improve financial transparency, and strengthen accountability systems.”
According to Dr. Orji, the delisting followed improvements in Nigeria’s Anti-Money Laundering and Counter-Terrorist Financing framework and closer cooperation between key agencies.
He commended the EFCC, NFIU, ICPC, and 24 member agencies of the Inter-Agency Task Team for their roles, noting that political will and non-interference were critical.
“The FATF delisting is not just a regulatory success—it is a governance success,” Orji stated, adding that the move would strengthen investor confidence and Nigeria’s global reputation.