EU Removes Nigeria from High-Risk Financial List The European Union has officially removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing, following Nigeria’s earlier delisting from the Financial Action Task Force (FATF) greylist in 2025. The decision, published by the European Commission, places Nigeria alongside countries such as South Africa that have exited the high-risk category. This development is expected to significantly ease cross-border financial transactions between Nigeria and the EU, reduce compliance and due diligence costs, and boost investor confidence. Under the new framework, enhanced due diligence requirements on Nigeria-related transactions will be lifted from January 29, 2026, subject to approval by the European Parliament and the Council. According to the EU, the update reflects FATF decisions taken at its June and October 2025 plenaries, confirming Nigeria’s improved compliance with global anti-money laundering and counter-terrorism financing standards. The move marks a major milestone in strengthening Nigeria’s financial credibility and international economic standing. — Kamorudeen Yusuf, MBA Personal Assistant on Special Duties to the President

EU Removes Nigeria from High-Risk Financial List The European Union has officially removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing, following Nigeria’s earlier delisting from the Financial Action Task Force (FATF) greylist in 2025. The decision, published by the European Commission, places Nigeria alongside countries such as South Africa that have exited the high-risk category. This development is expected to significantly ease cross-border financial transactions between Nigeria and the EU, reduce compliance and due diligence costs, and boost investor confidence. Under the new framework, enhanced due diligence requirements on Nigeria-related transactions will be lifted from January 29, 2026, subject to approval by the European Parliament and the Council. According to the EU, the update reflects FATF decisions taken at its June and October 2025 plenaries, confirming Nigeria’s improved compliance with global anti-money laundering and counter-terrorism financing standards. The move marks a major milestone in strengthening Nigeria’s financial credibility and international economic standing. — Kamorudeen Yusuf, MBA Personal Assistant on Special Duties to the President