The Federal Airports Authority of Nigeria (FAAN) has reaffirmed its unwavering commitment to transparency, accountability, and integrity in governance, celebrating Nigeria’s successful removal from the Financial Action Task Force (FATF) Grey List.
FAAN’s Managing Director/Chief Executive Officer, Mrs. Olubunmi Kuku, made this known in a statement congratulating the Federal Republic of Nigeria and the Nigerian Financial Intelligence Unit (NFIU) on the landmark achievement.
Mrs. Kuku commended the dedication and collaborative effort of all government institutions that contributed to the process, describing the development as a clear demonstration of Nigeria’s determination to strengthen its financial systems and global credibility.
“I am profoundly proud and elated at this remarkable achievement,” Mrs. Kuku said. “This success is proof that our nation can accomplish great things when we work together with a common vision and purpose.”
She also extended special commendation to the Chief Executive Officer of the NFIU, Mrs. Hafsat Abubakar Bakari, for her leadership and coordination. “Her passion and commitment were instrumental in securing this milestone. Congratulations and well done to all the agencies involved,” she added.
Highlighting the significance of the achievement, Mrs. Kuku noted that Nigeria’s removal from the FATF Grey List means the country will no longer be subject to enhanced international monitoring for weaknesses in its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) frameworks.
“This is a major step forward that restores international confidence, facilitates smoother and more cost-effective global trade for Nigerian businesses, and boosts our attractiveness to foreign investors,” she said.
She further acknowledged FAAN’s role in strengthening compliance and transparency within the aviation sector, noting that the Authority remains a vital stakeholder in national efforts to uphold global standards.
“This development underscores Nigeria’s progress in addressing the strategic deficiencies previously identified by FATF. FAAN is proud to have contributed meaningfully to this collective success,” Mrs. Kuku stated.
Reiterating FAAN’s commitment to integrity-driven operations, Mrs. Kuku encouraged local and international investors to see Nigeria as a viable and secure destination for business.
“Nigeria today stands as a nation open for investment—one that guarantees transparency, accountability, and rewarding opportunities for those who partner with us,” she said.
