📍 Stone Reporters News | 🗓 August 6, 2025
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In a major step toward strengthening Nigeria’s global financial compliance, the Director General/CEO of the National Identity Management Commission (NIMC) today participated in a high-level assessment meeting of the Financial Action Task Force (FATF) Africa Joint Group, held at the Presidential Villa, Abuja.
The crucial meeting focused on evaluating Nigeria’s implementation of strategic national reforms aimed at combating money laundering and the financing of terrorism (ML/FT).
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🔍 Deepening Financial Compliance
The engagement comes as part of ongoing efforts to align Nigeria with international financial integrity standards. It reflects the country's sustained commitment to enhancing transparency, data integrity, and inter-agency collaboration in the fight against financial crimes.
> “This assessment meeting underscores Nigeria’s readiness to meet FATF requirements and improve our standing in the global financial system,” a senior official noted.
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🇳🇬 NIMC’s Role in National Security
As the custodian of Nigeria’s national identity infrastructure, NIMC plays a critical role in strengthening Know-Your-Customer (KYC) systems across financial and governmental sectors. The Commission’s presence at the FATF Africa Joint Group assessment signifies the importance of accurate identity data in tracking illicit financial flows and ensuring national security.
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🛡️ A Unified Front Against Illicit Finance
The meeting brought together key stakeholders from across the security, financial, and regulatory spectrum — showcasing a coordinated national effort to address FATF recommendations and reinforce Nigeria’s anti-money laundering and counter-terrorism financing (AML/CFT) frameworks.
> “Nigeria remains fully committed to strengthening its compliance architecture and upholding global standards for financial integrity,” a statement from the meeting emphasized.
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📈 With the country seeking improved ratings from FATF and other global financial watchdogs, today’s session marks a vital milestone on Nigeria’s road to full compliance and enhanced investor confidence.
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📝 Report compiled by the Stone Reporters News Governance Desk
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