CBN to Consolidate Reforms as Nigeria Exits FATF Grey List
The Central Bank of Nigeria (CBN) vows to consolidate recent financial system reforms, emphasizing compliance, innovation, and trust to reinforce financial stability and strengthen Nigeria’s global credibility.
This pledge follows the Financial Action Task Force’s (FATF) announcement removing Nigeria from its list of jurisdictions under increased monitoring, known as the “grey list”.
The decision comes after a successful on-site evaluation of Nigeria’s anti-money laundering and counter-terrorist financing frameworks, marking a significant milestone in the country’s financial reform journey.
Author's summary: CBN to boost financial reforms.
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