After 20 months, Nigeria struggling to exit FAFT grey list

In the time that Nigeria has been on the grey list of the global Financial Action Task Force, it has only been able to achieve nearly 50 per cent of the Action Plan. With months to the May 2025 deadline, OLUWAKEMI ABIMBOLA looks at stakeholders’ efforts and writes.

Multiple experts have pointed out that Nigeria being on the grey list of the Financial Action Task Force means a higher cost of compliance checks and a much higher overall cost of…