Access Bank Group & Standard Chartered

Access Bank Group: Access Bank Group participates in the facility, providing credit support to contractors and strengthening its role in the energy sector.

Standard Chartered: Standard Chartered is among the nine banks partnering in the facility, enhancing its involvement in Nigeria's oil and gas financing.

Access Bank Group: Access Bank Group is a Nigerian bank that has expanded its presence in Kenya by acquiring National Bank of Kenya, aiming for regional growth.

Standard Chartered: Standard Chartered is a global banking giant that is exiting smaller markets to focus on core ones like Kenya, creating opportunities for African banks.

Access Bank Group: Access Bank is the victim and applicant, seeking to recover N1.34 billion. The fraud may damage its reputation and lead to customer distrust, though successful recovery could mitigate losses.

Standard Chartered: As a respondent, Standard Chartered is subject to the freezing order and must comply with disclosure requirements.

Access Bank Group: Access Bank Group acquired Standard Chartered's Tanzanian retail business in June 2025.

Standard Chartered: Standard Chartered's subsidiary, Standard Chartered Uganda, received regulatory approval to sell its Wealth and Retail Banking business to Absa Bank Uganda, aligning with its global strategy to focus on Corporate and Investment Banking.