The Federal Airports Authority of Nigeria (FAAN) has reaffirmed its steadfast commitment to transparency, accountability, and its ongoing role in supporting Nigeria’s fight against corruption and financial malpractices.
The Managing Director/Chief Executive Officer of FAAN, Mrs. Olubunmi Kuku, made this statement while congratulating the Federal Republic of Nigeria and the Nigerian Financial Intelligence Unit (NFIU) on the nation’s successful removal from the Financial Action Task Force (FATF) Grey List.
In her remarks, Mrs. Kuku commended the unwavering dedication and collaboration of the NFIU and other key agencies that contributed to this important achievement.
“I am profoundly proud and elated by this remarkable milestone”, Kuku stated. “This success is proof of what we can achieve as a nation when we unite behind a common purpose”.
She further extended special commendation to the Chief Executive Officer of the NFIU, Mrs. Hafsat Bakari, for her leadership and effective coordination of the inter-agency efforts that led to this outcome.
Kuku noted that Nigeria’s removal from the FATF Grey List marks a turning point for the country’s financial reputation and global standing.
“This development means Nigeria is no longer under increased international monitoring for weaknesses in its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) frameworks. It restores global confidence, enhances trade efficiency, and improves Nigeria’s attractiveness to foreign investors”, she explained.
Highlighting Authority’s contributions, Kuku added, “FAAN is proud to have played a key role in strengthening transparency and compliance processes that contributed to this national success”.
She concluded by encouraging both local and international investors to take advantage of the renewed confidence in Nigeria’s economic and regulatory environment, assuring them of a safe, transparent, and rewarding investment climate.