The facility will qualify as Tier-II capital, which will enable Access Bank to roll out its 5-year strategy of becoming Africa’s gateway to the world. Part of that strategy is also to deepen the footprint in the retail segment as well as increasingly support local Micro, Small, and Medium-size Enterprises, thereby supporting job creation in the Nigerian economy.
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.
|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 provided at the time of disclosure