…Says Delisting Boosts Investor Confidence, Makes Cross-Border Transactions Seamless
The President of the Nigerian Bar Association (NBA), Oyinkansola Badejo-Okusanya, SAN, has commended the Economic and Financial Crimes Commission (EFCC) for its role in Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing the development as a major boost to the nation’s business environment.
CDA News Nigeria reports that Badejo-Okusanya gave the commendation on Wednesday, September 16, 2026, when she led an NBA delegation on a courtesy visit to the EFCC’s Corporate Headquarters in Abuja.
CDA News Nigeria gathered that the NBA president specifically praised the Commission’s efforts in investigating and prosecuting economic and financial crimes, as well as recovering proceeds of crime. She stated: “When we see things that are done and done properly, we appreciate them. We followed carefully what is being done at EFCC, especially the statistics in recoveries and convictions. We can see, feel, and hear the impact of his work”.
Speaking on the FATF delisting, Badejo-Okusanya said: “For us as lawyers, we are grateful for the removal of the country from the FATF grey list. This brings out increased inflows. Our clients are able to do business. Cross-border transactions are now seamless and less expensive”. She stressed that the development would boost confidence in Nigeria’s financial system and facilitate smoother business transactions.
In his response, EFCC Chairman Ola Olukoyede attributed the achievement to the collaborative efforts of the EFCC and other sister agencies, while appreciating the NBA for its support. “Most of the work that led to Nigeria’s removal from the list was done by EFCC and in collaboration with all our sister agencies. Nigeria is now on a better footing in the world financial ecosystem,” he said.
Olukoyede also reaffirmed the Commission’s commitment to preventive frameworks, noting that the EFCC will no longer wait until funds are stolen before taking action, citing the establishment of the Fraud Risk Assessment and Control (FRAC) Department.
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