Nigeria’s removal from EU’s list of high-risk countries will enhance legal, global business –Group

The Tinubu Media Volunteers (TMV) has described the removal of Nigeria from the European Union’s list of high-risk countries for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) as a remarkable development that could pivot the country in the right direction internationally.

In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group pointed out that the decision would boost the country’s profile in the comity of nations.

It said: “We also note that the decision comes on the heels of Nigeria’s earlier removal from the Financial Action Task Force (FATF) list of Jurisdictions under Increased Monitoring in October 2025 after the successful completion of its FATF Action plan.

“We are gratified that these positive developments are the result of the extraordinary leadership and strong political will of President Bola Tinubu in embarking on bold economic reforms.

“This visionary leadership has contributed to the exceptional inter-agency coordination and collaboration with all stakeholders including international partners, as well as the necessary legal, regulatory and institutional reforms aimed at addressing the deficiencies previously identified in Nigeria’s AML/CFT framework.

“It is also acknowledged that this development is a major boost to Nigeria’s global financial credibility, as it will ease enhanced due diligence requirements for Nigerian individuals, businesses and financial institutions doing business with European counterparts. It will also improve correspondent banking relationships, enhance investor confidence, and integrate Nigeria into the international financial system.

“We believe that President Tinubu has, in a short time, tremendously improved Nigeria’s standing in the global business arena.”

The group added that since President Tinubu assumed office, Nigeria has been witnessing significant changes in different sectors.

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