CBN Celebrates Removal Of Nigeria From “Grey List” Of Financial Action Task Force

The Central Bank of Nigeria (CBN) has rolled out drums to celebrate removal of Nigeria from the list of jurisdictions under increased monitoring, known as the “grey list,” by the Financial Action Task Force (FATF).
The removal of Nigeria by the body after a successful on-site evaluation of reforms
implemented across the Nigerian financial system, according to the apex Bank’s spokesperson, Hakama Sidi Ali, confirmed the significant improvements in Nigeria’s regulatory, supervisory and enforcement frameworks, particularly in combating money laundering, terrorist financing and proliferation financing.
A statement by Hakama Sidi Ali said that the development marked an important milestone in the country’s continuing efforts to strengthen financial system integrity, transparency and international confidence.
“The FATF’s decision follows a two-year reform programme coordinated by the Federal Government of Nigeria, involving multiple agencies, including the CBN, the Federal Ministry of Justice, the Nigerian Financial Intelligence Unit (NFIU) and the Economic and Financial Crimes Commission (EFCC).
“The CBN’s contribution centred on enhancing supervision, governance and transparency
across the financial system.
“Key reforms assessed by the FATF and the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA, FATF’s regional assessment body, included Strengthened oversight of financial institutions through updated AML/CFT regulations,
risk-based supervision and fit-and-proper assessments, expansion of compliance reporting and monitoring across remittance channels, bureaux de change and fintech platforms to improve traceability and transparency.”
Others, according to the statement, are enhanced inter-agency data-sharing and enforcement coordination between the CBN, NFIU, EFCC, and law-enforcement bodies, implementation of market governance tools, including the Foreign Exchange Code (FX Code) and Electronic Foreign Exchange Matching System (EFEMS).
“Together, these measures have materially strengthened Nigeria’s compliance with global standards and reinforced confidence in the integrity of its financial system.
“Nigeria’s removal from the grey list will yield tangible benefits for businesses and households alike including lowering compliance costs, improving access to international finance, and making cross-border transactions faster and more affordable. In time, these gains will translate into smoother trade settlements, quicker remittance inflows, and even more predictable access to foreign exchange – enhancing livelihoods, supporting enterprise growth and deepening financial inclusion.”
The CBN said that FATF decision had reinforced the broader restoration of global confidence in Nigeria’s economic management.
It said that recent international assessments underscored “this momentum, with
Moody’s and Fitch upgrading Nigeria’s ratings outlook on the back of stronger external balances, credible policy execution, and renewed monetary-policy credibility.
“Similarly, the IMF’s 2025 Article IV Consultation highlighted improved reserve adequacy, greater transparency and reform agenda increasingly aligned with global standards.”
Hakama Sidi Ali quoted the CBN Governor, Olayemi Cardoso as saying that the FATF’s decision to remove Nigeria from the grey list is a strong affirmation of the reform trajectory and the growing integrity of the nation’s financial system.
“It reflects a clear policy direction and the coordinated efforts of key national institutions working together to deliver sustainable, standards-based reforms.
“Our priority now is to consolidate these gains, ensuring that compliance, innovation, and trust continue to advance hand in hand to reinforce financial stability and strengthen Nigeria’s global credibility.”
Nigeria now joins South Africa, Mozambique, and Burkina Faso as the latest African countries to achieve this milestone, reflecting broader progress across the continent.
The CBN vowed to be committed to strengthening collaboration with domestic and international partners to sustain a sound, transparent, and trusted financial system that safeguards financial stability and market integrity while advancing inclusive and sustainable economic growth.







….A Senior officer in FHA (in kaftan) at the controversial project site
Unbreakable Akpabio: Strength In Gathering Storms, By Eseme Eyiboh
In the grand theatre of Nigerian public life, where noise often masquerades as news and envy parades as activism, one truth remains constant: the measure of a leader’s vision is often revealed by the weight of the storms they weather. The recent deeply personal attacks aimed at the President of the Senate, His Excellency Senator Godswill Akpabio,GCON merely affirm his impact. They are the inevitable rumblings that follow the footsteps of those who build, for greatness has always attracted turbulence. It is the familiar rhythm of leadership in a country where change unsettles those too comfortable with decay.
Every student of history understands this pattern. From Nigeria’s founding fathers to the reformers who shaped later decades, the same principle applies: the hands that build will always invite the stones of envy, even from within their own families. Senator Akpabio stands in that lineage of nation builders who have chosen the difficult path of service over applause. The attempt to malign his reputation through fabricated allegations has only refined his public image, revealing the steel beneath the smile. What was meant to be a wound has strengthened him. What was designed to divide has instead united both his family and a wider circle of admirers who see through the fog of falsehood.
To understand the hollowness of the attacks, one must return to the beginning. His character was not forged in the vanity of politics but moulded in the discipline of a God-fearing home. The Greater Akpabio Family of Ukana Ikot Ntuen, Essien Udim, nurtured in him from childhood the virtues of kindness, respect, and a strong aversion to violence. These are not borrowed principles but the moral roots of his existence. The family’s recent statement reaffirmed what the nation already knows: that Akpabio’s life has been guided by faith, integrity, and a sense of service to humanity. From son and student to Commissioner, Governor, Minister, and now Senate President, the same quiet strength runs through his story. His life is a continuous narrative of purpose and compassion. The caricature painted by detractors collapses under the weight of that reality.
In their carefully worded declaration, the Greater Akpabio Family condemned the actions of those spreading falsehood and reaffirmed their unity and discipline as a family bound by respect and honour. They reminded Nigerians that this was not a matter for vengeance but one of principle. The family’s message was clear and unshaken: “Any attack on Distinguished Senator Godswill Akpabio, GCON is an attack on us.”
That single line, calm and deliberate, turned a personal smear campaign into a collective stand for truth. The family spoke not merely for kinship but for values, faith, order, and unity, that define their legacy and, by extension, the character of their most prominent son.
To be clear, the Akpabio journey is not an accident but of deliberate ascent. As Governor of Akwa Ibom State, he transformed what was once a sleepy corner of the Niger Delta into a beacon of infrastructure renewal and civic pride. As Minister of Niger Delta Affairs, he confronted decades of frustration and corruption with focus and will. As Senate President, he has brought calm, order, and renewed discipline to the National Assembly, guiding it in partnership with President Bola Ahmed Tinubu towards a season of national stability and reform. His leadership, measured and firm, speaks of a man who values results over rhetoric. His record is written not in slogans but in roads, hospitals, schools, and laws that continue to shape lives.
This moment, therefore, offers a mirror to Nigeria itself. On one side stands a man engaged in the difficult, often thankless business of governance. On the other, a chorus of distraction, disgruntled voices that echo not from conviction but from envy. The choice for the public is simple: to chase the noise or to stand by the substance. The family’s vote of confidence in him reflects the choice many Nigerians have already made, to side with the builders, not the breakers; the doers, not the destroyers.
In every generation, there arises a leader whose trials become their teacher. For Senator Akpabio, adversity has always been a forge, not a fetter. From his earliest days in public life, his philosophy has been constant: that strength is born of struggle and that — as the Bible says in James 1:3 — faith, when tested, yields endurance. His calm demeanour in the face of provocation reveals a leader who understands that true authority is not loud but steady, not reactive but grounded. Without an iota of doubt, when he chooses silence over outrage, it is not a weakness. It is wisdom, the wisdom of one who knows that truth does not need to shout.
His family’s declaration carried a profound message that transcends the moment: that greatness must be protected not with bitterness but with dignity. They reminded Nigerians that their son’s patriotism and discipline have been consistent hallmarks of his life. They reaffirmed his aversion to violence, his faith in God, and his unwavering service to family, state, and nation. This statement, emerging from the heart of Ukana Ikot Ntuen, is a national affirmation of character. It symbolises what every Nigerian family should aspire to: unity, discipline, and the courage to stand for what is right even when malice roams free.
The question is never whether a leader will face adversity. It is always a question of when. Adversity, for the true leader, is a refining fire. It purifies, clarifies, and dignifies. Senator Akpabio’s life embodies this truth. He has faced storms before, political intrigues, false accusations, and bitter envy, and each time, he has emerged stronger. The same grace that carried him through those trials sustains him now. Like fine steel shaped by fire, his spirit grows only more resolute.
As Nigeria navigates its own complex season of renewal under President Tinubu, leaders like Akpabio stand as pillars of steadiness. His focus on legislative order, national cohesion, and collaboration between the arms of government reflects his understanding that progress is built, not decreed. He represents the quiet strength of leadership that seeks to heal rather than divide, to build rather than destroy.
So let the noise rage, as it surely will. In the end, it will recede like waves retreating from a rock they could not erode. What will remain is the enduring image of a man who met adversity with calm, who answered malice with composure, and who transformed personal attack into public inspiration. His faith in God, his loyalty to family, and his belief in Nigeria’s promise remain unbroken.
There is no doubt whatsoever that history will not remember the noise. It will remember the work. It will recall the man who stood firm when others faltered, who faced fire, and emerged refined. In that enduring record of service and courage, Senator Godswill Akpabio will stand not as a man untested, but as one proven by the very trials that sought to break him. His leadership endures because it is rooted in conviction, tempered by faith, and guided by an unshakeable belief in the better angels of our nation’s destiny.
Rt Hon Eseme Eyiboh is Official Spokesperson to the President of the Senate.