Nigeria’s Removal from EU High-Risk List Will Boost Legal and Global Business Climate – TMV

Nigeria’s Removal from EU High-Risk List Will Boost Legal and Global Business Climate – TMV

The Tinubu Media Volunteers (TMV) have hailed the removal of Nigeria from the European Union’s list of high-risk countries for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), describing it as a landmark development that will further reposition the country on the global stage.

In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group said the EU’s decision represents a major vote of confidence in Nigeria’s financial governance systems and strengthens the country’s profile within the international community.

TMV noted that the development follows Nigeria’s earlier exit in October 2025 from the Financial Action Task Force (FATF) list of Jurisdictions under Increased Monitoring, after the successful implementation of its FATF Action Plan.

According to the group, these milestones are clear indicators of President Bola Tinubu’s “extraordinary leadership and strong political will” in championing comprehensive economic and institutional reforms.

The statement reads in part:

"This progress is a direct outcome of the President’s bold reform agenda, which has enhanced inter-agency coordination, deepened collaboration with international partners, and driven the legal, regulatory, and institutional reforms needed to strengthen Nigeria’s AML/CFT framework."

TMV emphasized that the removal is expected to significantly improve Nigeria’s global financial credibility by easing enhanced due-diligence requirements for Nigerian businesses, individuals, and financial institutions dealing with European partners. It will also strengthen correspondent banking relationships, boost investor confidence, and support Nigeria’s deeper integration into the global financial system.

The group added that since President Tinubu assumed office, Nigeria has recorded “remarkable progress across multiple sectors,” reflecting a renewed trajectory of economic and governance reforms.