President of the European Commission Ursula von der Leyen drinks from a glass as she attends a joint press conference with Serbia's President after their meeting in Belgrade on October 15, 2025. Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania, had strengthened its AML/CFT regimes and no longer posed “strategic deficiencies” under EU assessment standards. The commission noted that the affected countries had implemented reforms that brought their financial systems in line with international standards set by the FATF. Reacting to the development, the Minister of State for Finance, Dr Doris Uzoka-Anite, described Nigeria’s removal from the list as a major boost to investor confidence. Removed from EU’s financial ‘high-risk’ list!Congrats to President @officialABAT on this achievement.

Source: Punch January 15, 2026 18:21 UTC