News
FATF Delist Nigeria From List of Global Financial Crime Countries
Bakari, who led the implementation of the reform plan, described the delisting as “a true test of Nigeria’s resilience, coordination, and unwavering commitment to reform.
The Financial Action Task Force (FATF), has officially removed Nigeria from its list of jurisdictions under increased monitoring, also known as the grey list.
Burkina Faso, Mozambique, and South Africa were also removed from the grey list at the FATF October 2025 Plenary in Paris, France, following the countries’ successful implementation of a 19-point action plan aimed at strengthening their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks.
The Director/CEO of the Nigerian Financial Intelligence Unit , NFIU, Hafsat Bakar , announced the development on Friday.
She disclosed that Nigeria was placed on the grey list in February 2023 after the FATF identified strategic deficiencies in its AML/CFT systems.
Over the past two years, the Federal Government worked with the FATF and the Inter-Governmental Action Group Against Money Laundering in West Africa to address the identified gaps through legislative reforms, institutional strengthening, and enhanced inter-agency coordination.
Key reforms cited by the FATF include the enactment and enforcement of the Money Laundering (Prevention and Prohibition) Act, 2022, and the Terrorism (Prevention and Prohibition) Act, 2022; the operationalisation of the Beneficial Ownership Register; and improved supervision of designated non-financial businesses and professions.
She emphasised that Nigeria had enhanced the capacity of its intelligence and law enforcement agencies to detect, investigate, and prosecute financial crimes, while deepening international cooperation and intelligence sharing.
“The NFIU is pleased to announce that the FATF, at its October 2025 Plenary in Paris, France, has officially removed Nigeria from the list of jurisdictions under increased monitoring, commonly known as the grey list.
This milestone marks a historic moment in Nigeria’s fight against serious financial crimes.
The delisting of Nigeria underscores the country’s commitment to global standards in combating money laundering, terrorist financing, and proliferation financing.
“Nigeria has demonstrated a sustained commitment to financial transparency and integrity.
Key milestones include the enactment and enforcement of the Money Laundering (Prevention and Prohibition) Act, 2022, and the Terrorism (Prevention and Prohibition) Act, 2022; the operationalisation of the Beneficial Ownership Register, improving corporate transparency and accountability; implementation of stronger supervisory and preventive measures by public and private sector authorities to prevent abuse of Nigeria’s financial system; increased international cooperation and cross-border intelligence exchange with regional and global partners; and improved supervision of Designated Non-Financial Businesses and Professions.”
She noted that a high-level Nigerian delegation — including the Attorney-General of the Federation and Minister of Justice, the Ministers of Finance and Interior, and the Director of the NFIU — represented the country at the plenary.
Bakari, who led the implementation of the reform plan, described the delisting as “a true test of Nigeria’s resilience, coordination, and unwavering commitment to reform.”
She commended President Bola Tinubu for his leadership and thanked key government institutions, the National Assembly, the judiciary, and the private sector for their roles in achieving the milestone.
Bakari urged all stakeholders to sustain the reform momentum to ensure Nigeria maintains compliance with global financial integrity standards.
News
Police confirm Kogi APC Chairman’s Murder by Bandits
Yunusa’s vehicle was reportedly intercepted by the suspected bandits during a kidnapping operation along the Itobe–Ochadamu Expressway, around Ojuwo Olijo in Ofu Local Government Area of the state, on Thursday, August 27, 2026.
•Ishaq Yunusa
Kogi State Police Command on Friday confirmed the murder of the Chairman of the All Progressives Congress, APC, in Dekina Local Government Area of Kogi State, Ishaq Yunusa.
Yunusa was killed in an attack by suspected bandits.
Yunusa’s vehicle was reportedly intercepted by the suspected bandits during a kidnapping operation along the Itobe–Ochadamu Expressway, around Ojuwo Olijo in Ofu Local Government Area of the state, on Thursday, August 27, 2026.
His death has thrown family members, friends and APC supporters into mourning, with calls for the immediate arrest and prosecution of those responsible.
The Public Relations Officer, ASP Saliu Oyiza Afusat, confirmed the incident in a statement issued on Friday.
She said the attack occurred at about 5 p.m. on Thursday when armed assailants emerged from the surrounding bush and opened sporadic fire on motorists.
According to the police, security agencies are intensifying operations in the area, while personnel are combing the surrounding forests in a bid to rescue any abducted victims and track down those responsible for the attack.
The command says efforts are ongoing to restore security along the affected route.
News
President Tinubu Orders Comprehensive Forensic Audits of MDAs, IPPIS
The exercise will establish the nature and extent of weaknesses in Government’s control system, and determine how such weaknesses have been exploited.
President Bola Ahmed Tinubu has directed the Minister of Finance and Co-ordinating Minister of the Economy, Mr Taiwo Oyedele, to oversee and coordinate a comprehensive forensic audit of Federal Government systems.
The audit will include a review of the Integrated Personnel and Payroll Information System (IPPIS), Federal Government agencies, and their administration and internal controls.
Bayo Onanuga,Special Adviser to the President(Information & Strategy), in a press release on Friday, said that President Tinubu’s directive follows the Federal Executive Council’s resolution on August 19, 2026, in response to findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on “fake agencies”, ghost workers, and other control failures.
The exercise will establish the nature and extent of weaknesses in Government’s control system, and determine how such weaknesses have been exploited.
The review will comprise two interconnected components. The first will focus on a forensic audit of Government systems, particularly IPPIS and related payroll, personnel, pension and financial-management platforms.
It will examine reported cases of ghost workers and payroll fraud, reconcile the figures identified by the ICPC, trace how fictitious or ineligible persons were enrolled, and review access, identity, biometric and bank-account controls.
The exercise will also examine the interfaces between IPPIS and other government platforms, including GIFMIS, Remita, the Treasury Single Account (TSA) and Sub-TSA, to determine whether fraud resulted from system defects, process failures, inadequate segregation of duties or deliberate circumvention.
The second component of the audit will cover all Federal Government agencies, departments, commissions, councils, parastatals and other government bodies.
It will establish a definitive inventory of such bodies and verify their legal basis, while examining how entities obtain official recognition, budgetary consideration, correspondence privileges, office facilities and access to government systems.
The exercise will assess governance, procurement, internal-audit, and oversight controls across Government to close systemic weaknesses that could allow irregular entities or persons to access public resources.
President Tinubu directed that the exercise be conducted with the highest standards of independence, professionalism and forensic integrity.
The audit team will have access to relevant government systems and records. It will collaborate with the ICPC to ensure that the review complements all ongoing investigations, prosecutions and recoveries.
President Tinubu expects the exercise to go beyond identifying individual cases of fraud or administrative failure by strengthening the architecture of Government, closing systemic loopholes, improving data verification and reconciliation, reinforcing accountability, and ensuring that only duly constituted entities and eligible personnel have access to Government resources.
The exercise underscores the President’s commitment to strengthening transparency, accountability, fiscal governance and institutional integrity across the Federal Government.
News
Wushishi, National Population Commission’s Chairman, Dies
Wushishi reportedly died on Friday, August 28, 2026, after a brief illness.
•Dr. Aminu Wushishi
Chairman of the National Population Commission, NPC, Dr. Aminu Wushishi, has died.
Wushishi reportedly died on Friday, August 28, 2026, after a brief illness.
Wushishi, a former Secretary of the Niger State chapter of the Peoples Democratic Party, PDP, was said to have taken ill briefly before his death.
His Special Adviser on Media, Stanley Nwosu, confirmed the development to the media.
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