The Director of the Lagos Business School Public Sector Initiative, Prof. Franklin Ngwu, has said that without deep reforms, Nigeria risks returning to the Financial Action Task Force, FATF, grey list.
Ngwu made this statement on Monday while responding to questions in an interview on Arise Television monitored by DAILY POST.
His comment comes after FATF delisted Nigeria from its “grey list” of countries with deficiencies in anti-money laundering and counter-terrorist financing frameworks.
According to him, Nigeria has not done well in recent years pertaining to money laundering and corruption.
“Nigeria has not performed well in recent years regarding money laundering and corruption, which led to its placement on the grey list.
“Although it appears that we have taken corrective measures, resulting in our removal, there is no guarantee that we will not relapse,” he said.
