BY CAROLINE AMEH
ABUJA — The Senate, on Tuesday, commended President Bola Ahmed Tinubu, Senate President Godswill Akpabio, and key anti-corruption and financial agencies for their pivotal roles in securing Nigeria’s removal from the Financial Action Task Force (FATF) Grey List.
The upper chamber described the delisting as a “major diplomatic and economic victory,” marking Nigeria’s successful reforms in combating money laundering and terrorism financing.
The motion, sponsored by Senator Emmanuel Udende (Benue North East), applauded the coordinated efforts of the Executive, National Assembly, and institutions such as the Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC), and Central Bank of Nigeria (CBN).
Udende said Nigeria’s delisting reflected its renewed commitment to transparency, accountability, and global financial integrity standards, after years of international monitoring and reputational risk associated with being on the grey list.
Lawmakers noted that the milestone had already boosted investor confidence, improved remittance inflows, and reduced compliance costs for financial institutions.
In its resolutions, the Senate urged all relevant agencies to sustain compliance with international anti-money laundering standards to prevent a relapse, and directed its Committee on Anti-Corruption and Financial Crimes to intensify oversight and policy reforms.
