The European Union (EU) has officially removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing, effective January 29, 2026. This decision follows Nigeria’s removal from the Financial Action Task Force (FATF) grey list in October 2025, after implementing reforms to strengthen its anti-money laundering and counter-terrorism financing (AML/CFT) regime.
The removal is expected to boost investor confidence, ease trade, and improve access to European markets for Nigerian businesses. “This is a big win for Nigeria, sending a clear signal that the country is serious about maintaining a stable and transparent business environment,” said Wale Edun, Minister of Finance and Coordinating Minister of the Economy.
With this delisting, Nigerian banks, exporters, and businesses will face fewer compliance hurdles when transacting with European partners, potentially improving trade flows, remittances, and capital inflows. The EU’s decision reflects Nigeria’s progress in addressing strategic deficiencies in its AML/CFT framework, aligning with international standards set by the FATF.
Minister of State for Finance, Dr. Doris Uzoka-Anite, praised the achievement, saying, “Congrats to President @officialABAT on this achievement. As Minister of State for Finance, I’m proud of this boost to trade and investor confidence”.
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