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Nigeria has been officially removed from the FATF grey list, marking a major boost for its financial image.
The global watchdog confirmed Nigeria met all reform targets to improve its fight against money laundering and terrorism financing.
UK envoy Richard Montgomery hailed the move as “brilliant news” that will attract investors, while Nigeria Network of NGOs called it a milestone for transparency and accountability.
Experts say the exit will cut transaction costs, boost remittances, and restore investor confidence, but warn that the reforms must be sustained to keep Nigeria off the list for good.
