The Securities and Exchange Commission (SEC) Director General, Dr. Emomotimi Agama, has welcomed Nigeria’s removal from the Financial Action Task Force (FATF) grey list, saying it will significantly boost investor confidence and attract more foreign investments.
The FATF announced Nigeria’s delisting on Friday, recognizing the country’s progress in strengthening its anti-money laundering and counter-terrorism financing frameworks.
Dr. Agama attributed the development to Nigeria’s renewed policy direction and commitment to transparency. “It brings about something that we have been craving for – investor confidence,” he said.
The SEC DG described the delisting as a “welcome call to new investments” and a major milestone in Nigeria’s journey towards economic reform, institutional integrity, and global credibility.
Dr. Agama commended the Nigerian Financial Intelligence Unit (NFIU) and other stakeholders, including government officials and the judiciary, for their efforts in implementing the country’s action plan and achieving the delisting.
According to Dr. Agama, the delisting sends a strong signal to investors and trading partners that Nigeria has made significant progress in strengthening its AML/CFT regulations.
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