Introduction In a public statement issued at the end of its recent plenary meeting held in Paris, France from the 14th to 18th of October, 2013, the FATF removed Nigeria from the list of jurisdictions with significant deficiencies in their Anti-money laundering & Counter Financial Terrorism (AML/CFT) regimes. Advertisements
Background Efforts to combat money laundering in Nigeria began in 1995 with the first Anti-money laundering legislation. Since then, there have been enactments and amendments in 2004, 2011, and 2012. Nevertheless, Nigeria is yet to gain the much coveted status of a fully compliant country.