EU delists Nigeria from financial crime high-risk countries
Nigeria has been officially removed from the European Union’s list of high-risk jurisdictions for money laundering and terrorism financing. The decision is expected to ease cross-border transactions and boost investor confidence in the country. Doris Uzoka-Anite and Wale Edun both praised the move, calling it a significant achievement for Nigeria. The update follows a series of anti-money laundering and counter-terrorism reforms by the Nigerian government.
TLDR
- The European Union has taken Nigeria off its high-risk list for money laundering and terrorism financing.
- Enhanced due diligence requirements for transactions involving Nigeria will be lifted from January 29, 2026, pending procedural approval.
- The European Commission said the update reflects decisions from the FATF’s June and October 2025 plenaries.
- Doris Uzoka-Anite and Wale Edun described the move as a major boost for trade and investor confidence.
- Nigerian businesses dealing with European partners are expected to face fewer compliance hurdles, improving trade and capital flows.
