UNKNOWN INDIVIDUALS LOOTED PALLIATIVES AT OUR OWERRI RALLY – CITY BOY MOVEMENT. (PHOTO).

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 Unknown individuals looted palliatives at our Owerri rally – City Boy Movement An empowerment programme organised by the City Boy Movement, a support group for President Bola Tinubu, descended into disorder on Saturday when a large crowd surged forward and looted items intended for distribution to beneficiaries across Nigeria's South-East region. The event, held at Heroes Square in Owerri, marked the official launch of the Renewed Hope National Tour and the City Boy Movement South-East Youth Tour and Empowerment Programme on March 14, 2026. It aimed to provide support to young people, market traders, and vulnerable individuals from Abia, Anambra, Imo, Ebonyi, and Enugu states. Items prepared for distribution included shuttle buses, sewing machines, deep freezers, grinding machines, barbing kits, wheelchairs for persons with disabilities, smartphones for content creators, generator sets, laptops, cash grants, farming kits, fertilizers, and hair salon equipment. According to the mov...
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NIGERIA COMPLETES 30% ACTION PLAN TO EXIT FATF GREY LIST. (PHOTO).

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 Nigeria completes 30% action plan to exit FATF grey list


Nigeria has moved closer to exiting the Financial Action Task Force’s (FATF) grey list.

This connotes that Nigeria has increased monitoring of identified deficiencies in combating money laundering, terrorist financing, and proliferation financing.

According to a statement released by the Nigerian Financial Intelligence Unit (NFIU), “Nigeria has completed 30% of the Action Plan developed as part of the greylisting process.”

This progress report was well-received by the FATF, resulting in the approval of Nigeria’s third Progress Report at the June 2024 FATF Plenary meeting in Singapore.

The FATF further acknowledged Nigeria’s efforts by granting two upgrades in this round. These positive developments suggest Nigeria is on track to exit the grey list in early 2025, as initially targeted.

The statement noted that the NFIU Chief Executive Officer, Ms. Hafsat Abubakar Bakari, participated in the plenary meeting. 

As the current Chair of the Technical Commission of the Intergovernmental Action Group Against Money Laundering in West Africa (GIABA), Ms. Bakari reaffirmed Nigeria’s commitment to fully implementing the Action Plan.  She also provided updates on GIABA’s progress in strengthening its technical capacity to combat financial crimes.

The FATF grey list serves as a monitoring mechanism for countries with strategic deficiencies in their Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) regimes.  Inclusion on this list prompts countries to address these deficiencies within a specified timeframe.

The presence of high-level representatives from Nigeria, including the heads of the Economic and Financial Crimes Commission (EFCC) and the Special Control Unit against Money Laundering (SCUML), underlines the government’s commitment to tackling financial crimes and achieving a more robust AML/CFT framework.

Nigeria’s progress report approval and positive feedback from the FATF are encouraging signs.  Continued implementation of the Action Plan is crucial for exiting the grey list by early 2025.  This will demonstrate Nigeria’s dedication to financial transparency and a more secure financial system.

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