The Emerging Leaders Forum of Nigeria has praised President Bola Ahmed Tinubu GCFR for Nigeria’s removal from the Financial Action Task Force (FATF) Grey List.
In a statement, the forum highlighted the signing into law of two major executive bills, the Investment and Securities Act 2025 and the Nigerian Insurance Industry Reform Act 2025 as clear evidence of the government’s commitment to combating money laundering and terrorism financing.
The forum also commended the National Assembly for passing other critical legislations, including the Companies and Allied Matters Act 2020, Money Laundering (Prevention and Prohibition) Act 2022, Terrorism (Prevention and Prohibition) Act 2022, Proceeds of Crime Act 2022, and the Data Protection Act 2023, which collectively formed the foundation for Nigeria’s technical compliance clearance.
The statement further praised President Tinubu for his courage in removing the oil subsidy, which the forum noted will curb long-standing fraud, free up funds for state and local government development, and strengthen the financial autonomy of local governments.
Additionally, the forum acknowledged the role of the judiciary in affirming the legal status of the NFIU, ICPC, and EFCC, and in supporting local government financial autonomy, calling it critical to enhancing Nigeria’s compliance rating.
The Emerging Leaders Forum urged the National Assembly to continue providing legislative and legal frameworks that support government policies and attract investment, noting that the delisting will boost investor confidence and position Nigeria more favourably in the global market.
The forum called on all stakeholders to sustain the momentum in implementing reforms and driving good governance.
