EFCC, NFIU prepare for fresh FATF evaluation, after Nigeria’s exit from grey list

The Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) are currently preparing for a new evaluation by the Financial Action Task Force (FATF). This upcoming assessment follows Nigeria’s successful exit from the FATF grey list in October of last year.

The country’s removal from the grey list was attributed to significant progress made in strengthening its anti-money laundering and counter-terrorist financing frameworks. The current preparations by these agencies are aimed at maintaining these standards and ensuring continued compliance with international financial regulations.