Nigeria: risk, de-risking and multi-stakeholder dialogue

A tri-sector dialogue process on addressing bank de-risking of NPOs has been set up in Nigeria. 

Coalition member Spaces for Change convened a conference with banks and civil society early in 2024 to examine how AML/CFT policies and measures enforced by banks impact non-profit organizations (NPOs) in Nigeria. The report of that meeting is now out. 

Following on from this meeting and the recommendations that emerged from it, Spaces for Change have set up a tri-sector dialogue process in Nigeria. To date, about 20 banks, NPOs and banking industry regulators have signed on to being a part of this multi-stakeholder working group on charities to discuss the effective operationalization of the risk-based approach when it comes to NPOs so that both financial integrity and financial inclusion objectives are met.