Nigeria

The mutual evaluation report (MER) of the Federal Republic of Nigeria was adopted in August 2021 during the 2nd Inter-Sessional Working Groups and Technical Commission/Plenary meetings held in Abidjan, Cote d’Ivoire and published in October 2021. Since it met the thresholds of having eight (8) or more NC/PC ratings for technical compliance and a low or moderate level of effectiveness for seven (7) or more of the eleven (11) effectiveness outcomes, Nigeria was placed under the enhanced follow-up process.

This Follow-Up Report (FUR) analyses Nigeria’s progress in addressing the technical compliance requirement of the Recommendations being re-rated. Technical compliance re-ratings are given where sufficient progress has been demonstrated. This report also analyses progress made in implementing new requirements relating to FATF Recommendation 15 which has changed since the MER was adopted.