Flutterwave, Paga CEOs Welcome FATF Exit
CEOs of leading Nigerian fintechs, including Flutterwave and Paga, have praised Nigeria's removal from the Financial Action Task Force (FATF) grey list.
Nigeria's exit from the FATF Grey List is a massive win for our economy.
According to Olugbenga Agboola, CEO of Flutterwave, this move will have a significant operational and economic impact.
- Nigeria, South Africa, Burkina Faso, and Mozambique were delisted after implementing reforms to combat money laundering and terrorist financing.
- The delisting ends nearly three years of increased scrutiny and signals renewed confidence in Nigeria's financial governance.
Author's summary: Nigeria's removal from the FATF grey list boosts cross-border payments.