CDA News Nigeria: A New Contender in the Digital News Landscape
Welcome to CDA News. CDANews.ng is a daily publication of CDA News Ltd
CDA News Nigeria: A New Contender in the Digital News Landscape
Welcome to CDA News. CDANews.ng is a daily publication of CDA News Ltd
CDA News Nigeria: A New Contender in the Digital News Landscape

Tag: Financial Compliance

The Nigeria Financial Intelligence Unit (NFIU) has applauded the European Union’s decision to remove Nigeria from its list of high-risk third countries under the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework. The removal, effective January 29, 2026, follows Nigeria’s exit from the FATF grey list in October 2025 after addressing identified regulatory gaps. NFIU CEO Hafsat Abubakar Bakari described the move as “an important external validation” of Nigeria’s financial reforms, attributing the success to strong political will under President Bola Tinubu and sustained inter-agency collaboration. The delisting is expected to ease compliance burdens, improve cross-border financial flows, and enhance Nigeria’s attractiveness for trade and investment with EU member states. Disclaimer: This status is subject to continued compliance with international AML/CFT standards. Regular reviews by the EU and FATF will determine its sustainability. © 2026 CDA News Nigeria. All rights reserved.

The Nigeria Financial Intelligence Unit (NFIU) has applauded the European Union’s decision to remove Nigeria from its list of high-risk third countries under the Anti-Money […]

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