Early Warning System

Regions

Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Nigeria

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 22, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Johnvents Foods Limited; Noble-Eagle Industries Limited

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 25.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Loan Amount (USD)

$ 25.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 110.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 22, 2026

Disclosed by Bank Jul 14, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of the provision of a senior loan of up to USD 25 million in favour of Johnvents Foods Limited and Noble-Eagle Industries Limited, two subsidiaries of Johnvents HoldCo Limited and together with its subsidiaries "Johnvents Group" to finance the Borrowers' investment program in Nigeria.

The project will finance the introduction of modern production equipment, which will enhance the operating profile of the Borrowers. These investments, alongside related working capital financing and a strong operating model, will lead to competitiveness improvements and enable the operational performance of the Borrowers to go to international best performance standards. In parallel, the Borrowers will continue strengthening their food safety management systems and align these with international best practices in food safety and quality assurance. By 2027, Noble-Eagle will aim to obtain the FSSC 22000 certification, an internationally accredited standard which is not widespread in the agribusiness sector in Nigeria.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

As stated by the EBRD, the Bank is participating in a larger USD 110 million facility coordinated by British International Investment alongside several other DFIs and commercial banks. In aggregate, the facility will finance the Borrowers' investment and expansion program, including USD 70 million of capital expenditures and USD 40m of working capital needs.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As sated by the EBRD, Johnvents Group is a Nigerian vertically integrated agribusiness group. It was founded in 2014 by entrepreneur John (Adedamola) Alamu, the Group's MD and 100% shareholder. The Group is engaged in farming, primary processing (mostly cocoa), soft commodity trading (sesame, soybean and other), food production (cocoa-based beverages, bottled water, confectionary, edible oils and other), animal feed production and other.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Johnvents Industries Limited	Client	Agriculture and Forestry

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Johnvents Foods Limited:

Caroline Olawumi Omotosho
Email: support@johnvents.com
Phone: +234 706 232 0704
Website: https://johnvents.com/
Address: 1, Ademiluyi Close, Kongi Layout, New Bodija. Ibadan. Oyo State, Nigeria

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html