The Federal Airports Authority of Nigeria (FAAN) has lauded the country’s successful removal from the Financial Action Task Force (FATF) Grey List, describing it as a testament to Nigeria’s progress in strengthening transparency, financial integrity, and institutional accountability.
Mrs. Olubunmi Kuku, FAAN’s managing director/chief executive officer, made the remarks while congratulating the Federal Republic of Nigeria and the Nigerian Financial Intelligence Unit (NFIU) for their tireless efforts that culminated in this achievement.
“I am profoundly proud and elated at this remarkable achievement,” Mrs. Kuku said in an official statement. “This success serves as further evidence of our nation’s capacity to achieve great things when we work together with a common purpose.”
She extended special commendations to Hafsat Abubakar Bakari, the chief executive officer of the NFIU, for her leadership and coordination of the agencies involved in ensuring Nigeria met FATF’s global compliance standards.
Mrs. Kuku explained that the development carries far-reaching economic and diplomatic benefits for Nigeria.
“Our removal from the FATF Grey List means that the country is no longer under enhanced international scrutiny for weaknesses in its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) systems. It restores global confidence in our financial systems, eases international trade, and enhances Nigeria’s attractiveness to foreign investors.”
Highlighting FAAN’s role in achieving this milestone, she added,
“I am proud that FAAN played a significant and substantive role in addressing the strategic deficiencies identified by the FATF. This accomplishment reinforces our ongoing commitment to transparency and accountability.”
Mrs. Kuku further urged global and local investors to consider Nigeria a prime investment destination, assuring them of a secure, transparent, and rewarding business environment that guarantees sustainable returns.
