The Chairman, House Committee on Financial Crimes, Rep. Ginger Onwusibe, has commended the President Bola Tinubu-led administration and relevant institutions on Nigeria’s ‘historic’ exit from the Financial Action Task Force, FATF, grey list.

Mr Onwusibe gave the commendation in a statement issued in Abuja on Saturday, a copy of which was made available to the News Agency of Nigeria, NAN.

NAN reports that the Financial Action Task Force, FATF, has officially removed Nigeria from its grey list, acknowledging the country’s strong political will and coordinated efforts to combat financial crimes under Tinubu.

Mr Onwusibe, who described the exit as a “national victory for integrity, resilience and inter-agency collaboration,” commended the Federal Government for its political will to address financial indiscipline in the country.

READ ALSO:

• Ndoma-Egba exposes 62-step payment process, deep corruption at NDDC
• Soludo faces allegations of vote-buying over N1m cash-for-votes pledge
• Yemi Edun again named among UK most influential Black people

“I commend the Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and other Related Offences Commission (ICPC), Federal Inland Revenue Service (FIRS) and Central Bank of Nigeria (CBN),

“I also commend the Corporate Affairs Commission (CAC), other law enforcement/regulatory agencies and the Federal Ministry of Justice for their dedication and cooperation throughout the reform process,” he said.

According to the lawmaker, the feat is a product of years of hard work and synergy among the institutions.

“It restores global confidence in Nigeria’s financial system and demonstrates that our country can meet the highest international standards of transparency and accountability,” he said.

The lawmaker also hailed the National Assembly for passing key reforms, including amendments to the Money Laundering (Prevention and Prohibition) Act, and others which had strengthened the country’s legal framework to combat money laundering.

Mr Onwusibe, who also commended his committee for the achievement through oversight functions on both NFIU and EFCC, urged stakeholders to sustain the momentum to ensure Nigeria never returned to the list.

He reaffirmed the committee’s commitment to continuous legislative oversight and institutional support.

 

 

Tinubu hailed over Nigeria’s exit from FATF grey list

NAN