• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • Politics/Elections
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • Judiciary/Legislature/Law & Human Rights
    • Oil & Gas/Mineral Resources
    • Press Freedom/Media/PR/Journalism
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • Pantami withdraws from Gombe APC governorship primary, cites electoral violations
  • Wizkid becomes first African artist to surpass 11bn Spotify streams
  • AFCON 2026 Qualifiers: Nigeria to face Tanzania, Madagascar, Guinea-Bissau
  • Alleged N33.8bn fraud: EFCC arrests ex-power minister Mamman after sentencing
  • Trump suspends planned Iran strike following appeal by Gulf leaders
  • Nigerian govt moves to end illegal taxes by states, LGAs with new guidelines
  • Reading the CBN: Why the current cycle in Nigerian banking is not a shock, By Olayinka Onanguga
  • CBN to auction N650bn in treasury bills, sets May 20 deadline
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    Herders abandon cattle after farm invasion in Abia

    May 18, 2026

    Association warns against consuming fungus-infested tomatoes

    May 17, 2026

    LIFE-ND trains farmers in basic bookkeeping

    May 15, 2026

    Lagos to launch food security hub in 2026

    May 15, 2026

    FG to use microchips for nationwide livestock identification

    May 15, 2026
  • Sci & Tech

    Kaduna state trains 4,000 students in vocational skills

    May 18, 2026

    Association commits to bridging tech gap, strengthening STEM partnerships

    May 14, 2026

    Lagos to establish cybersecurity operations centre

    May 13, 2026

    ECOWAS pushes information integrity

    May 13, 2026

    NSE urges engineers to join politics

    May 13, 2026
  • Health

    WHO urges calm as Ebola outbreak declared PHEIC

    May 19, 2026

    NYSC mandates NERD certificates for mobilisation

    May 18, 2026

    WHO warns of growing pandemic threats, preparedness gaps

    May 18, 2026

    Hypertension: The silent killer affecting millions across Nigeria

    May 18, 2026

    Nigeria’s HIV fight hindered by stigma, funding gaps

    May 18, 2026
  • Environment

    University of Abuja student wins 2026 Amnesty international intervarsity debate

    May 19, 2026

    NEMA holds flood preparedness campaign in Katsina

    May 19, 2026

    Niger Delta experts call for urgent environmental clean-up

    May 19, 2026

    NESREA seals Kano rice mill over environmental violations

    May 19, 2026

    Lagos targets 2,000MW embedded power supply

    May 18, 2026
  • Hausa News

    Otti plans 250-room 5-star hotel in Umuahia

    April 11, 2026

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025

    [BIDIYO] Yadda na lashe gasa ta duniya a fannin Ingilishi – Rukayya ‘yar shekara 17

    August 6, 2025

    A Saka Baki, A Sasanta Saɓani Tsakanin ‘Yanjarida Da Liman, Daga Muhammad Sajo

    May 21, 2025

    Dan majalisa ya raba kayan miliyoyi a Funtuwa da Dandume

    March 18, 2025
  • More
    1. Business/Banking & Finance
    2. Politics/Elections
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. Judiciary/Legislature/Law & Human Rights
    24. Oil & Gas/Mineral Resources
    25. Press Freedom/Media/PR/Journalism
    26. General News
    27. Presidency
    Featured
    Recent

    Pantami withdraws from Gombe APC governorship primary, cites electoral violations

    May 19, 2026

    Wizkid becomes first African artist to surpass 11bn Spotify streams

    May 19, 2026

    AFCON 2026 Qualifiers: Nigeria to face Tanzania, Madagascar, Guinea-Bissau

    May 19, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    Pantami withdraws from Gombe APC governorship primary, cites electoral violations

    May 19, 2026

    Wizkid becomes first African artist to surpass 11bn Spotify streams

    May 19, 2026

    AFCON 2026 Qualifiers: Nigeria to face Tanzania, Madagascar, Guinea-Bissau

    May 19, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»Business/Economy/Banking & Finance»AfDB approves policy for victims of bank-financed operations
Business/Economy/Banking & Finance

AfDB approves policy for victims of bank-financed operations

Abdallah el-KurebeBy Abdallah el-KurebeSeptember 24, 2021Updated:September 24, 2021No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Board of Directors of the African Development Bank (AfDB) Group has approved a new policy framework for the Independent Recourse Mechanism (IRM).

The IRM provides individuals or communities who are adversely affected by bank-financed operations with an independent mechanism through which they can raise their concerns.

They can also seek redress and hold the bank to account for ensuring it complies with its policies and procedures related to sustainability.

The new policy is aimed at strengthening accountability and providing more effective recourse to people affected by bank-financed operations.

According to a statement from the AfDB on Friday, the policy framework is the result of series of internal and public stakeholder consultations that began in December 2019.

This process was part of the third policy review of the bank’s Independent Review Mechanism.

It further marked the first time that the IRM had engaged in such a comprehensive public consultation process.

David Simpson, Director, Compliance Review and Mediation Unit, AfDB, said the new policy represented a significant step forward for the IRM.

“The new policy framework restructures the complaints’ mechanism, to make it more accessible, efficient and predictable.

“It also simplifies the complaint process for users of the Independent Recourse Mechanism, while enhancing its transparency, and providing clearer guidelines for case management.”

Stephanie Amoako, a Senior Policy Associate at Accountability Counsel, an international civil society organisation said: “The new accountability policy, if properly implemented, better serves the needs of communities across Africa.

“This is by removing barriers to access the IRM and creating a more equitable process for those using the mechanism.”

Accountability Counsel supports communities adversely impacted by internationally financed projects.

According to the statement, a new name accompanies the new policy as the Independent Review Mechanism will now be known as “the Independent Recourse Mechanism.”

The new mechanism has been restructured, replacing the previous external experts’ panel model with a fully integrated unit that will now lead all problem-solving and compliance review functions.

The new policy strengthens accessibility for complainants by allowing complaints to be filed by a single person.

It enables the mechanism to advise communities on how to submit complaints if needed.

It adopts a zero-tolerance standard for retaliation against complainants and rejects any form of threats.

It also rejects intimidation, harassment, violence, or discrimination towards those that raise concerns through the Independent Recourse Mechanism.

The mechanism also requires AfDB management to make the IRM better known among affected communities by disclosing information about the mechanism at a project level.

Furthermore, the new operational rules and procedures approved by AfDB’s board also provides the IRM with some advantages.

For instance, it has the ability to initiate compliance review processes in certain circumstances without a formal complaint from affected communities.

It also increases complainants’ participation in the complaint-handling process by allowing them the opportunity to comment on draft compliance review reports before they go to the board.

The operational rules and procedures also commit the IRM to pursue a culturally appropriate and gender-sensitive complaint process.

It allows the IRM to consider a complaint’s eligibility even in the case of parallel judicial or non-judicial proceedings.

It further empowers the IRM to make recommendations to the bank on issues related to redress and remedy.

“That is when individuals and communities are adversely impacted as a result of bank-financed operations.

“As well as ensure that agreements reached by parties in problem-solving activities are aligned to international norms,” it added.

While the new policy enters into force with immediate effect and would apply to all new complaints, it is expected that the IRM would require a reasonable transition period to fully implement the new policy; where appropriate, ongoing complaints will be transitioned to the new policy over time.

The bank’s complaint mechanism became operational in 2006 and has received over 100 complaints submitted by civil society organisations and affected communities.

The mandate of the IRM covers both public and private sector operations of the bank group.

AfDB Policy victims of bank-financed operations
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Abdallah el-Kurebe
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Related Posts

Pantami withdraws from Gombe APC governorship primary, cites electoral violations

May 19, 2026

Nigerian govt moves to end illegal taxes by states, LGAs with new guidelines

May 19, 2026

Reading the CBN: Why the current cycle in Nigerian banking is not a shock, By Olayinka Onanguga

May 19, 2026

Leave A Reply Cancel Reply

Pantami withdraws from Gombe APC governorship primary, cites electoral violations

May 19, 2026

Wizkid becomes first African artist to surpass 11bn Spotify streams

May 19, 2026

AFCON 2026 Qualifiers: Nigeria to face Tanzania, Madagascar, Guinea-Bissau

May 19, 2026

Alleged N33.8bn fraud: EFCC arrests ex-power minister Mamman after sentencing

May 19, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.