The House of Representatives in Nigeria has highlighted the vital roles of the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) in the country's recent exit from the Financial Action Task Force (FATF) grey list. This exit is seen as a significant step for Nigeria in improving its financial credibility and combating financial crimes. The assessment was provided during a budget performance review of these agencies, indicating the importance of their work in both economic recovery and stabilization of the financial system.

During the National Assembly proceedings, Mr. Ginger Onwusibe, the Chairman of the House Committee on Financial Crimes, praised the ongoing collaboration between the EFCC and the NFIU. This synergy is believed to have fortified Nigeria's approach to anti-money laundering and counter-terrorism financing, marking a restoration of international confidence in the financial sector. The legislative support for these institutions suggests a commitment to enhancing the governance and integrity of Nigeria's financial dealings.

The recent developments in Nigeria's financial governance, including recovery efforts for stolen assets, are crucial for the country’s overall economic health. The praise from the House of Representatives indicates a recognition of the essential role these institutions play not just in law enforcement, but also in establishing a more trustworthy financial environment that can attract international partnerships and investments. The discussion around budgetary allocations for these agencies signals a proactive approach toward maintaining momentum in financial reforms and ensuring continued progress in Nigeria's economic landscape.