Sunday, December 5, 2021
spot_img

World Bank Blacklists 18 Nigerian Companies And Individuals For Corrupt And Fraudulents Practices

- Advertisement -
The World Bank has blacklisted 18 Nigerian companies and individuals for engaging in corrupt practices, fraud, and collusive practices in its 2021 fiscal year.  World Bank's David Malpass

A list of debarred individuals and firms was presented in a new annual report titled World Bank Group Sanctions System FY21.
READ ALSO: Nigeria Exited Recession Faster Than Expected – World Bank Admits

The debarments were made by the World Bank Sanctions Board, World Bank Chief Suspension and Debarment Officer, and the African Development Bank.

The debarments made by AfDB were recognized by World Bank, making the affected firms to be barred under the cross-debarment policy.

Based on the World Bank Sanctions Board’s decision, Mr. Elie Abou Ghazaleh and Mr. Fadi Abou Ghazaleh, alongside their firm, Abou Ghazaleh Contracting Nigeria Limited, were debarred for six months for collusive practices.

Based on the decision of the World Bank Chief Suspension and Debarment Officer, a Nigerian firm, Swansea Tools Resources, was debarred for fraudulent practices for two years and 10 months.

It was disclosed that the firm misrepresented its past experience in its bid for a road maintenance contract.

Another Nigerian firm, Juckon Construction and Allied Services Nigeria Limited, was debarred for corrupt practices for three years. Referred to under Sanctions Case No 649, it was disclosed that the firm made improper payment to a public official.

Also Read:  Insurgency In Nigeria Declined Since 2015 – Ekiti State Governor Kayode Fayemi

A Nigerian, Ms. Okafor Glory, was debarred for fraudulent practices for four years, while the firm involved, Unique Concept Enterprises, was debarred for five years for same reason.
READ ALSO: Unemployment Under Buhari’s Government Is The Worst In Nigeria’s History – World Bank

Another Nigerian firm, Asbeco Nigeria Limited, was debarred for five years for corrupt practices.

Based on the World Bank’s Sanctions Board Decision, A.G. Vision Construction Nigeria Limited, was debarred for fraudulent practices and collusive practices for four years and six months.

Not included in the report is a recent debarment of a Nigerian consultant, Mr Salihu Tijani, who is a consultant for the National Social Safety Nets Project, a project designed to ensure cash transfers to poor and vulnerable households in Nigeria.

Tijani was barred for 38 months for engaging in corrupt practices.

Aside from the firms mentioned, there are some firms that were debarred by other multilateral organizations under cross-debarment, which makes them debarred by the World Bank.

Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated And Investment Co Limited, and Medniza Global Merchants Limited were debarred by the AfDB for two years under cross-debarment recognized by the World Bank.

Also Read:  You Have To Be A Prostitute Or Gay To Make It In Nollywood - Filmmaker

ALG Global Concept Nigeria Limited, Abuharaira Labaran Gero, Qualitrends Global Solutions Nigeria Limited, and Maxicare Company Nigeria Limited were debarred by the AfDB for three years under cross-debarment recognized by the World Bank. World Bank

Watch our trending video of the day below;

Photo Credit: Getty

- Advertisement -

Related Articles

- Advertisement -

Leave a Reply

Stay Connected

13,000FansLike
21,100FollowersFollow
37,000SubscribersSubscribe
- Advertisement -

Latest Articles