Lead party: Bank of Industry Ltd (borrower)
Coverage: The Meridian legal market record (editorial).
Bank of Industry secured a US$30 million facility from Agence Française de Développement. It will expand finance for Nigeria’s cultural and creative industries: film, music, fashion, design and gaming. At least 90% is earmarked for MSMEs, with a focus on women- and youth-led businesses. A €500,000 technical assistance programme is attached. It will help BOI build sector-specific products, E&S risk frameworks and staff capacity. Duale, Ovia & Alex-Adedipe acted as legal counsel to BOI, led by Partner Adeniyi Duale. Udo Udoma & Belo-Osagie acted as Nigerian counsel to AFD, led by Partner Yinka Edu. published three posts on this deal on the same day.
Value (as reported): US$30 million (+€500,000 TA).
Law firms: Duale, Ovia & Alex-Adedipe – Counsel to Bank of Industry (borrower); Udo Udoma & Belo-Osagie – Nigerian counsel to AFD (lender).
Lawyers named: Adeniyi Duale (Duale, Ovia & Alex-Adedipe); Tomiwa Ogunbanwo (Duale, Ovia & Alex-Adedipe); Chukwuebuka Okoli-Akirika (Duale, Ovia & Alex-Adedipe); Wuraola Oyeniyi (Duale, Ovia & Alex-Adedipe); Adedolapo Funmilayo (Duale, Ovia & Alex-Adedipe); Yinka Edu (UUBO); Chisom Okolie (UUBO); Toluwalope Adedokun (UUBO); Adekunle Abiona (UUBO); Iheoma Njoku (UUBO).
Parties: Borrower: Bank of Industry Ltd; Lender: Agence Française de Développement.
Jurisdiction (as reported): Nigeria · Sector (as reported): Development finance / Creative economy.
Source: LinkedIn firm publication, posted 6 November 2026. Meridian record LI-DL-2026-0307.
