The Federal Airports Authority of Nigeria (FAAN) has reiterated its unwavering commitment to transparency and its role as a key champion in Nigeria’s ongoing battle against corruption and financial malpractices.
The Managing Director/Chief Executive Officer of FAAN, Mrs Olubunmi Kuku, made this declaration while formally congratulating the Federal Republic of Nigeria and the Nigerian Financial Intelligence Unit (NFIU) on the country’s successful removal from the Financial Action Task Force (FATF) Grey List.
In an official statement, Mrs Kuku commended the dedication and resilience demonstrated by the NFIU and all other agencies involved in the collaborative effort that led to this significant milestone.
“I am profoundly proud and elated at this remarkable achievement,” stated Mrs Kuku. “This success serves as further evidence of our nation’s capacity to achieve great things when we work together with a common purpose.
“I wish to extend my special congratulations to the Chief Executive Officer of the NIIU, Hafsat Abubakar Bakari, for her passion and for effectively coordinating all other agencies to achieve this remarkable feat. Congratulations and well done to everyone.”
Mrs Kuku elaborated on the implications of this development, noting, “Nigeria’s removal from the FATF Grey List signifies that our nation is no longer subject to increased international monitoring for perceived weaknesses in its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) frameworks. This is a positive development that restores global confidence, facilitates easier and more cost-effective international trade for Nigerian businesses, and enhances our appeal to foreign investors.”
She further emphasised FAAN’s role in this national accomplishment, adding, “This achievement signifies that Nigeria has successfully addressed the strategic deficiencies previously identified by the FATF. I am proud that FAAN played a significant and substantive role in making this possible.”
The FAAN MD/CE also seized the opportunity to encourage potential investors to view Nigeria as a prime and viable investment destination, assuring them of a secure and rewarding environment with the potential for substantial returns.