News Update
Global watchdog, Financial Action Task Force, said on Friday it has removed Nigeria from its grey list, ending nearly three years of being tagged a destination for dirty money and signaling a boost for investor confidence in the nation’s economy.
Nigeria was removed from the list alongside South Africa, Burkina Faso, and Mozambique after their governments stepped up efforts to combat money laundering and terrorist financing.
South Africa and Nigeria landed on the grey list in February 2023, while Mozambique was added in October 2022 and Burkina Faso was originally designated in February 2021.
Details shortly…
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