Nigeria’s Exit from FATF Grey List Boosts Investor Confidence, FAAN Reaffirms Transparency Commitment
The Federal Airports Authority of Nigeria (FAAN) has hailed Nigeria’s removal from the Financial Action Task Force (FATF) Grey List, describing it as a strong validation of the country’s determination to deepen reforms, strengthen financial integrity systems, and rebuild international trust in the Nigerian economy.
FAAN’s Managing Director and Chief Executive Officer, Mrs Olubunmi Kuku, in an official reaction to the development, commended the Federal Government and the Nigerian Financial Intelligence Unit (NFIU) for delivering what she described as a “historic and strategic breakthrough” in Nigeria’s global financial compliance profile.
According to Mrs Kuku, the milestone is not only symbolic, but also fundamentally transformative for Nigeria’s global standing, business environment, and attractiveness to foreign capital.
“I am profoundly proud and elated at this remarkable achievement,” she said. “This success serves as further evidence of our nation’s capacity to achieve great things when we work together with a common purpose.”
She paid special tribute to the Chief Executive Officer of the NFIU, Hafsat Abubakar Bakari, noting that her leadership, dedication, and coordination of all relevant stakeholders were instrumental in securing Nigeria’s delisting.
Mrs Kuku added that Nigeria’s removal from the FATF Grey List means that the country is no longer classified as a jurisdiction requiring increased monitoring for deficiencies in Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) controls.
“This is a positive development that restores global confidence, facilitates easier and more cost-effective international trade for Nigerian businesses, and enhances our appeal to foreign investors,” she explained.
The FAAN MD maintained that FAAN played an active role in contributing to the national corrective measures that brought Nigeria into compliance, especially at entry and exit points where revenue, passenger movement, and trade data intersect with national security and financial transparency.
She assured that FAAN will continue to reinforce transparency in airport operations, protect Nigeria’s financial reputation, and sustain compliance with global best practice.
Mrs Kuku also encouraged prospective investors to take advantage of the renewed confidence Nigeria now enjoys, describing the country as a viable, secure, and promising investment destination capable of delivering strong returns.
The statement was issued by FAAN’s Director of Public Affairs and Consumer Protection, Henry Agbebire.
