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Nigeria exits global money-laundering watchlist

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President Bola Tinubu has hailed Nigeria’s removal from the Financial Action Task Force (FATF) “grey list” as a major milestone for the country’s economy and financial integrity, describing it as “a strategic victory for our economy and a renewed vote of confidence in Nigeria’s financial governance.”

The FATF, which serves as the global watchdog on money laundering and terrorist financing, announced Nigeria’s delisting at its October 2025 plenary session held in Paris, France. The decision came after Nigeria fully implemented a 19-point action plan aimed at strengthening its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu said the achievement reflected his administration’s determination to restore credibility and transparency to Nigeria’s financial system.

“Nigeria’s removal from the grey list is not just a technical accomplishment but a strategic victory,” Tinubu said. “It reaffirms our position as a trusted player in the global financial community.”

Nigeria was placed on the FATF grey list in February 2023 due to weak enforcement mechanisms, poor inter-agency coordination, and opaque financial practices. Tinubu said his administration treated the designation as a challenge to drive reforms, directing key agencies to introduce sweeping structural and legal changes.

Under his directive, the Nigerian Financial Intelligence Unit (NFIU), in collaboration with the Ministries of Finance, Justice, and Interior, as well as the Office of the Attorney-General, led a coordinated national effort to meet FATF standards.

Tinubu praised NFIU Director and Chief Executive Officer, Hafsat Bakari, for leading the process. “Her team’s diligent and timely implementation of Nigeria’s commitments earned the country international recognition for tackling serious financial crimes,” he said.

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Bakari confirmed the FATF decision in a statement, calling it “a true test of the country’s resilience, coordination, and unwavering commitment to reform.”

“The FATF has officially removed Nigeria from the list of jurisdictions under increased monitoring, commonly known as the grey list,” she said. “This milestone marks a historic moment in Nigeria’s fight against serious financial crimes and underscores our commitment to global standards.”

She highlighted key reforms that contributed to the delisting, including the enforcement of the Money Laundering (Prevention and Prohibition) Act 2022 and the Terrorism (Prevention and Prohibition) Act 2022, as well as the operationalisation of the Beneficial Ownership Register. The reforms also strengthened oversight of designated non-financial businesses and enhanced the ability of intelligence and law enforcement agencies to investigate and prosecute financial crimes.

Bakari commended President Tinubu’s leadership, the National Assembly, the judiciary, and private sector partners, urging all stakeholders to maintain the reform momentum to preserve global compliance.

At the same plenary, the FATF also removed South Africa, Mozambique, and Burkina Faso from the grey list, citing major improvements in their financial integrity systems.

Analysts said Nigeria’s exit from the watchlist is expected to ease cross-border transactions, attract foreign investment, and boost confidence in the country’s financial sector.

Tinubu said the decision marked “the beginning of a new chapter in Nigeria’s financial reform agenda,” pledging that his administration would “sustain institutional reforms, deepen collaboration, and continue to build a financial system that Nigerians and the world can trust.”

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Three bodies recovered, five rescued as bus plunges into Oyo river

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The Oyo State Fire Services Agency has recovered three bodies and rescued five persons after a commercial bus plunged into the Ariyo River along Amunloko Road in Ona-Ara Local Government Area of the state on Wednesday.

The incident was confirmed in a statement issued on Thursday in Ibadan, the state capital, by the Special Adviser to Governor Seyi Makinde on Fire Services and Chairman of the agency, Moroof Akinwande.

Akinwande said the agency received a distress call at about 3:38 pm through a resident, Fadeke Yusuf, reporting that a vehicle had fallen into the river in the area.

According to him, firefighters were immediately deployed to the scene to carry out rescue operations.

He explained that upon arrival, the rescue team discovered that a Suzuki commercial bus with number plate OSUN LEW 484 XA, carrying eight passengers, had lost control and plunged into the river.

Five occupants were rescued alive and rushed to Ona-Ara Private Hospital in the Jegede area for treatment, while three others were recovered dead.

The remains of the deceased were handed over to a team of policemen from the Ogbere Divisional Headquarters led by ASP Aishat Ibrahim.

Akinwande attributed the accident to reckless driving.

He added that officials of the Oyo State Road Traffic Management Authority from the Ona-Ara Division and the Chairman of Ona-Ara Local Government, Glorious Temitope, were present during the rescue operation.

The fire service boss urged motorists to drive with caution and adhere strictly to road safety rules to prevent avoidable accidents.

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UN urges stronger action to end violence against women, girls

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UN Deputy Secretary-General, Amina Mohammed, has warned that violence against women and girls continues to be fuelled by war, militarisation and entrenched inequality, urging governments to move beyond condemnation and take decisive action.

Speaking at a high-level meeting marking five years of the UN Group of Friends for the Elimination of Violence against Women and Girls, she said conflicts around the world are exposing women and girls to severe and lasting harm.

The UN deputy chief spoke on the sidelines of the ongoing 70th Session of the Commission on the Status of Women at UN Headquarters in New York on Thursday.

CSW is the United Nations’ principal global body dedicated to promoting gender equality and the rights and empowerment of women.

Established in 1946 by the UN Economic and Social Council, the Commission plays a central role in setting global standards on women’s rights and reviewing progress on gender equality

According to the UN, more than 4,500 cases of conflict-related sexual violence were verified in 2024, although the true number is likely far higher due to stigma, fear and collapsed reporting systems.

The deputy secretary-general pointed to alarming patterns in several crises. In Sudan, UN experts have reported widespread sexual violence and attacks on women human rights defenders.

In the Democratic Republic of the Congo, a child has been reported raped every half hour, while in Haiti, sexual violence against children surged dramatically in recent years.

Mohammed stressed that women must be central to peace processes and political decision-making, warning that lasting peace cannot be achieved while women and girls remain excluded and unprotected.

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In a related development, UN human rights chief Volker Türk said he was appalled by the devastating impact on civilians of increasing drone attacks in Sudan, amid reports that more than 200 civilians have been killed by drones since March 4 alone, in the Kordofan region and White Nile state.

“It is deeply troubling that despite multiple reminders, warnings and appeals, parties to the conflict continue to use increasingly powerful drones to deploy explosive weapons with wide-area impacts in populated areas,”  the High Commissioner said.

He renewed his call for both sides in the brutal civil conflict between rival militaries to fully abide by international law, “particularly the clear prohibition on directing attacks against civilians and civilian objects and infrastructure, and against any form of indiscriminate attacks.”

In West Kordofan, at least 152 civilians have reportedly been killed by Sudanese army drone strikes, including at least 50 when a market and a hospital were hit.

Attacks on two separate markets in Abu Zabad and Wad Banda on  March 7 left at least 40 civilians dead, and a lorry carrying civilians was struck allegedly by a SAF drone on 10 March, reportedly killing at least 50 civilians.

In South Kordofan, at least 39 civilians were reportedly killed, including 14 in the state capital Dilling, in heavy artillery shelling by the Rapid Support Forces and allied SPLM-North between 4 and 5 March.

Many homes, schools, markets and health facilities were damaged or destroyed in the attacks, compounding the impacts on civilians and local communities.

The High Commissioner also expressed alarm at the recent expansion of the conflict to White Nile state, which has come under heavy attack by RSF militia drone strikes since 4 March. A secondary school and a health clinic in Shukeiri village were hit on 11 March, reportedly killing at least 17 civilians, one of them a health worker.

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“It will soon be three full years since the senseless conflict in Sudan began, devastating millions of lives and livelihoods. Yet the violence, fueled by these new technologies of war, simply keeps spreading,” Türk said.

The News Agency of Nigeria reports that the 70th session of the Commission on the Status of Women, which opens on Monday, will end on March 19.

Representatives of Member States,  UN entities, and ECOSOC-accredited non-governmental organisations from all regions of the world, including Nigeria, are attending the session.

The priority theme of the session will be ensuring and strengthening access to justice for all women and girls, including by promoting inclusive and equitable legal systems, eliminating discriminatory laws, policies, and practices, and addressing structural barriers.

NAN

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Trump says Iran’s new supreme leader alive but ‘damaged’

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President Donald Trump said that he thinks new Iranian Supreme Leader Mojtaba Khamenei, whose father, the former supreme leader, was killed ​on the first day of the US and Israel’s war on Iran, is alive but “damaged.”

Khamenei has not been seen ⁠by Iranians since his selection on Sunday by a clerical ​assembly, and his first comments were read out by a television ​presenter on Thursday.

“I think he probably is (alive). I ​think he is damaged, but I think he’s probably alive in some form, ‌you ⁠know,” Trump said in an interview on Fox News’ “The Brian Kilmeade Show.”

His remarks were published by Fox News late on Thursday.

In Khamenei’s first comments, he vowed to keep the Strait of ​Hormuz shut and ​called on ⁠neighboring countries to close US bases on their territory or risk Iran targeting them.

The US and ​Israel began attacks on Iran on Feb. 28. ​

Iran ⁠has responded with its own strikes on Israel and Gulf countries with US bases.

As the war approached the two-week mark, having ⁠killed thousands ​and shaken financial markets, the leaders ​of Iran, Israel and the United States all voiced defiance and have vowed to ​fight on.

Reuters/NAN

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