The Presidency has vowed to take concrete steps to ensure Nigeria’s removal from the global Financial Action Task Force, FATF, grey list before the May 2025 deadline.
The Chief of Staff to the President, Femi Gbajabiamila, gave this assurance during a fact-finding visit to the office of the Nigerian Financial Intelligence Unit, NFIU, in Abuja on Tuesday.
Responding to a request from the Director and Chief Executive Officer of NFIU, Hafsat Bakari, who sought high-level intervention to meet the FATF action plan implementation deadline, Gbajabiamila pledged the federal government’s determination to address the deficiencies that led to Nigeria’s listing.
FATF is an independent intergovernmental organisation that promotes policies to protect the global financial system by evaluating jurisdictions based on their Anti-Money Laundering/Counter Financing of Terrorism and Proliferation, AML/CFT/P standards.
Gbajabiamila, who acknowledged the progress made by NFIU, which has implemented 30 per cent of the action plan to address identified deficiencies, stressed the need for accelerated efforts to complete the remaining tasks.
