Niger Delta bank financing may be contributing to environmental damage, Fair Finance Coalition says

Civil society groups are pressing Nigerian banks over the consequences of projects financed in the Niger Delta, where oil-producing communities say their livelihoods are under threat.

The Fair Finance Coalition said banks should take responsibility for the environmental and human rights effects linked to the projects they fund.

The challenge focuses particularly on communities in the oil-producing region. The groups’ concern is that financial support for such projects may be contributing to environmental damage while leaving local livelihoods exposed.