The Federal Airports Authority of Nigeria (FAAN) has reaffirmed its commitment to transparency and financial integrity, celebrating Nigeria’s successful removal from the Financial Action Task Force (FATF) Grey List.

The declaration was made by Mrs. Olubunmi Kuku, Managing Director/CEO of FAAN, as she formally congratulated Nigeria and the Nigerian Financial Intelligence Unit (NFIU) for achieving this milestone.

“I am profoundly proud and elated at this remarkable achievement. This success serves as further evidence of our nation’s capacity to achieve great things when we work together with a common purpose,” Mrs. Kuku stated.

She commended the dedication and resilience of the NFIU and all collaborating agencies, giving special recognition to Hafsat Abubakar Bakari, CEO of the NFIU, for her leadership in coordinating the effort.

Mrs. Kuku highlighted the significance of this development, noting that Nigeria is now no longer under increased international monitoring for perceived weaknesses in its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) frameworks. She explained that the achievement:

• Restores global confidence in Nigeria’s financial system
• Facilitates easier and more cost-effective international trade for Nigerian businesses
• Enhances Nigeria’s appeal to foreign investors

“This achievement signifies that Nigeria has successfully addressed the strategic deficiencies previously identified by the FATF. I am proud that FAAN played a significant and substantive role in making this possible,” she added.

Mrs. Kuku also encouraged potential investors to consider Nigeria a prime and viable investment destination, assuring them of a secure environment with the potential for substantial returns.

FAAN’s statement underscores the agency’s role as a key champion in the nation’s fight against corruption and financial malpractices, further reinforcing its commitment to global best practices in governance and accountability.