According to FMO's website, this project provides financing to Access Bank Plc to support local entrepreneurs in the agribusiness and small and medium-sized enterprise (SME) sectors in Nigeria.
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.
The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.
"Access Bank Plc is a full-service commercial Bank operating through a network of 310 branches and service outlets located in major centres across Nigeria, Sub-Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange in 1998, the Bank serves its various markets through 5 business segments: Corporate and Investment Banking, Commercial Banking, Business Banking, Personal Banking, Operations and IT Divisions. The Bank has over 800,000 shareholders including several Nigerian and International Institutional Investors and has enjoyed one of Africa’s most successful banking growth trajectory in the last 16 years."
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Access Bank Group||Investor||Finance||invests in||Bk Of Ind Ltd||Parent Company||Construction|
|Access Bank Group||Investor||Finance||invests in||EA Field New Wells Drilling||Client||Mining|
|Access Bank Group||Investor||Finance||invests in||Eni SpA||Parent Company||Mining|
|Access Bank Group||Investor||Finance||invests in||Federal Republic of Nigeria||Parent Company||Mining|
|Access Bank Group||Investor||Finance||invests in||Nigeria Liquified Natural Gas||Client||Mining|
|Access Bank Group||Investor||Finance||invests in||Nigeria LNG Complex Train 7||Client||Mining|
|Access Bank Group||Investor||Finance||invests in||Nigerian National Petroleum Corporation||Parent Company||Mining|
|Access Bank Group||Investor||Finance||invests in||Project Cheetah (Infill||Client||Mining|
|Access Bank Group||Investor||Finance||invests in||Royal Dutch Shell||Parent Company||Mining|
|Access Bank Group||Investor||Finance||invests in||Royal Dutch Shell plc||Parent Company||Mining|
|Access Bank Group||Investor||Finance||invests in||STOGG Eagle Funding Ltd||Client||Mining|
|Access Bank Group||Investor||Finance||invests in||total||Parent Company||Mining|
|Eni SpA||Parent Company||Mining||owns||Nigeria LNG Complex Train 7||Client||Mining|
|Federal Republic of Nigeria||Parent Company||Mining||owns||Nigeria Liquified Natural Gas||Client||Mining|
|Federal Republic of Nigeria||Parent Company||Mining||owns||Project Cheetah (Infill||Client||Mining|
|Federal Republic of Nigeria||Parent Company||Mining||owns||STOGG Eagle Funding Ltd||Client||Mining|
|Nigerian National Petroleum Corporation||Parent Company||Mining||owns||Nigeria LNG Complex Train 7||Client||Mining|
|Royal Dutch Shell||Parent Company||Mining||owns||Nigeria LNG Complex Train 7||Client||Mining|
|Royal Dutch Shell plc||Parent Company||Mining||owns||EA Field New Wells Drilling||Client||Mining|
|total||Parent Company||Mining||owns||Nigeria LNG Complex Train 7||Client||Mining|
No contact information available at time of writing.
ACCESS TO INFORMATION
As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism