The Federal Airports Authority of Nigeria (FAAN) has reaffirmed 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 statement while officially 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.
Mrs. Kuku in an official statement signed by the Director of Public Affairs and Consumer Protection, Mr. Henry Agbebire applauded the commitment and resilience demonstrated by the NFIU and all other agencies that contributed in the joint effort that led to this important milestone.
According to Mr. Agbebire, the FAAN MD who is elated at the remarkable achievement stated that the success “serves as further evidence of our nation’s capacity to achieve great things when we work together with a common purpose.”
Mrs. Kuku, extending congratulatory greetings to the Chief Executive Officer of the NFIU, Hafsat Abubakar Bakari, said: “I wish to extend my special congratulations to the Chief Executive Officer of the NFIU, 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 explained the implications of this development, noting that, “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.”
Mrs. Kuku noted FAAN’s role in this national accomplishment, adding that, “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 used the occasion 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.”