Areas for Change (S4C), a civil society organisation advocating for coverage reforms in Nigeria’s monetary and civic sectors, has congratulated the Nigerian authorities on its profitable removing from the Monetary Motion Job Power (FATF) gray listing.
The delisting was introduced in the course of the FATF plenary session held in Paris, France, in October 2025, marking a significant milestone in Nigeria’s anti-money laundering and counter-terrorism financing efforts.
Alongside Nigeria, Burkina Faso, South Africa, and Mozambique have been additionally delisted after demonstrating important progress in strengthening their Anti-Cash Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks.
In keeping with FATF, delisting from the gray listing signifies that the affected nations have successfully addressed recognized strategic deficiencies and strengthened the integrity of their monetary techniques beneath the shut supervision of the Worldwide Cooperative Evaluate Group (ICRG).
In a press release signed by Victoria Ibezim-Ohaeri, its govt director, Areas for Change famous that it had been actively concerned in Nigeria and Burkina Faso’s compliance journey, particularly in supporting reforms associated to the non-profit sector.
The organisation mentioned these initiatives enhanced the implementation of FATF Suggestion 8, which focuses on safeguarding the non-profit sector from terrorism financing abuse whereas guaranteeing that legit charitable actions are usually not hindered.
In keeping with S4C, in 2022, Nigeria took a big step by eradicating non-profit organisations from the listing of obliged reporting entities and from the class of Designated Non-Monetary Professions and Companies (DNFBPs).
These reforms, in line with S4C, contributed to enhancing Nigeria’s compliance standing and fostering a extra enabling surroundings for civic operations.
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“With these collective efforts, Nigeria has turn into the one West African nation to safe a Totally Compliant score on FATF Suggestion 8.
“The nation’s delisting from the FATF gray listing reinforces its progress and demonstrates a robust dedication to technical compliance and operational effectiveness”, the assertion learn.
Areas for Change congratulated each the Nigerian and Burkinabe authorities for reaching this milestone, noting that the event would assist ease monetary restrictions on charities and appeal to extra investor confidence.
“Areas for Change stays dedicated to making sure that counter-terrorism measures throughout the subregion don’t shrink civic house or restrict the operations of civil society,” Ibezim-Ohaeri acknowledged.
