Connect with us

Business News

World Bank Blacklists 18 Nigerians, Firms

Published

on

By Adedapo Adesanya

The World Bank said it blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year.

This was disclosed by the global lender in a new report titled World Bank Group Sanctions System FY21.

It further stated that the debarments were made by the World Bank Sanctions Board, World Bank Chief Suspension and Debarment Officer and the African Development Bank (AfDB).

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

World Bank Group’s David Malpass stated that the bank had granted over $157 billion to assist developing countries, as he emphasised the need for integrity and transparency standards in public finance.

“Since the beginning of the global pandemic, the World Bank Group has deployed more than $157 billion in critical assistance to developing countries. The crisis has required us to be rapid and innovative in mobilising this historic support.

“Yet, for these resources to have the needed development impact on the hundreds of millions of people who live in extreme poverty, we must ensure that resources are used efficiently, effectively, and for their intended purposes. And that means remaining vigilant to the scourge of corruption and ensuring that we promote the highest integrity and transparency standards in public finance,” Mr Malpass said.

He noted that some of the consequences of corruption could be devastating to people and their communities.

“The negative impacts of corruption on lives and livelihoods are well known. Corruption diverts scarce development dollars from the people who need them most and corrodes the systems and services that are integral for reducing extreme poverty,” Mr Malpass said.

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.

Referred to under Sanctions Case No 651, 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.

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 the same reason.

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

The matter which involved Ms Glory and the firm, Unique Concept Enterprises, was presented under Sanctions Case No 691.

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.

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

Aside from the firms mentioned so far, there are some firms that were debarred by other multilateral organisations 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 recognised by the World Bank.

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 recognised by the World Bank.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Local15 hours ago

Kaduna to enroll secondary school students into its health insurance scheme: Official

News19 hours ago

Sound Sultan’s brother exposes scammer who hacked late singer’s Instagram account

Local15 hours ago

VAT declines by N11.76 billion as CIT receives boost in Q3: NBS

News15 hours ago

UBTH boss condemns attack on health workers by patients’ relatives

World16 hours ago

How the Associated Press Covered Israeli President Herzog’s Candle-Lighting in Hebron

Politics16 hours ago

Akeredolu calls for funding of private universities through TETFund grants

Entertainment21 hours ago

Man shares his kids heartwarming reaction when he told them he didn’t have money to buy the drink they wanted

Politics15 hours ago

Okowa, IYC call for justice, investigation into death of Dowen College student

News16 hours ago

FCT PDP endorses Saraki’s 2023 Presidential bid

Local11 hours ago

70 million mobile owners in Nigeria have no bank accounts: eTranzact

Entertainment21 hours ago

“I used to dream of living in a big house, but now I’m scared of the one I live in” – BBNaija star, Tacha laments

Health10 hours ago

Want a Lean Body For Good? Eat These 8 Foods Every Day

World10 hours ago

UK: Muslims produce ‘large amount of money,’ offer to buy woman’s daughter

Local14 hours ago

Lawyer petitions IGP to investigate firm, two individuals for forging Supreme Court judgment

News16 hours ago

Tonto Dikeh calls for commemoration of Sylvester’s 12th birthday at Dowen College premises

World18 hours ago

UK and Israel pledge to ‘work day and night’ to stop Iran from getting nuclear weapons

World15 hours ago

CAIR’s Nihad Awad declares Tel Aviv ‘occupied,’ prays for its ‘liberation’

World13 hours ago

Pakistan drops ban on jihad group that is targeting non-Muslims over Muhammad cartoons, even in the West

Politics15 hours ago

Justice Babalakin laid to rest amid tributes

World10 hours ago

Debate Video: Is Islam More Violent than Christianity? Dr. Javad T. Hashmi vs. Robert Spencer

Trending