The Federal Airports Authority of Nigeria (FAAN) has reaffirmed its unwavering commitment to transparency, integrity, and accountability as it joins the rest of the nation in celebrating Nigeria’s removal from the Financial Action Task Force (FATF) Grey List.
FAAN’s Managing Director/Chief Executive Officer, Mrs. Olubunmi Kuku, made the statement while congratulating the Federal Republic of Nigeria and the Nigerian Financial Intelligence Unit (NFIU) for achieving this major milestone that signals renewed confidence in Nigeria’s financial and governance systems.
In a press release signed by Mr. Henry Agbebire, FAAN’s Director of Public Affairs and Consumer Protection, Mrs. Kuku commended the resilience and cooperation displayed by all agencies involved in achieving the delisting, describing the outcome as a testament to what can be accomplished through collective commitment and reform-driven leadership.
“I am profoundly proud and elated at this remarkable achievement,” she stated. “It underscores Nigeria’s capacity to achieve great things when we work together with a shared vision. I particularly commend Mrs. Hafsat Abubakar Bakari, the Chief Executive Officer of the NFIU, for her passion and coordination in leading this successful effort.”
According to Mrs. Kuku, Nigeria’s removal from the FATF Grey List is a significant step forward, as it indicates that the country is no longer under enhanced global monitoring for weaknesses in its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) framework.
“This development will restore global confidence, enhance cross-border transactions, reduce trade costs, and strengthen Nigeria’s appeal to foreign investors,” she added.
Reiterating FAAN’s role in achieving this national milestone, Mrs. Kuku noted that the Authority continues to align with global best practices to ensure transparency and compliance in aviation administration and financial management.
“At FAAN, we take pride in being a proactive institution that upholds integrity and accountability in all operations. Our contribution to this achievement reflects our broader mandate to support Nigeria’s economic transformation through efficient, transparent airport management,” she explained.
The FAAN boss also used the opportunity to encourage both local and international investors to take advantage of the improved financial image of Nigeria.
“Nigeria is open for business. With our renewed global standing, we assure investors of a secure, transparent, and profitable environment that guarantees sustainable returns,” she emphasized.
Nigeria’s exit from the FATF Grey List marks a turning point in its international economic relations, with experts predicting that it will open new investment opportunities, strengthen the naira’s stability, and boost trade confidence across key sectors—including aviation, manufacturing, and financial services.
FAAN Managing Director, Mrs. Olubunmi Kuku, celebrates Nigeria’s removal from the FATF Grey List, reaffirming the Authority’s transparency pledge and urging investors to leverage renewed global confidence in the nation’s economy.
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