13 Nigerian Companies, Other Individuals Debarred by World Bank Over Unethical Behavior

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18 Nigerian organizations and individuals have been delisted due to egregious behavior, according to a World Bank announcement about measures to enhance institutions and combat corruption in Nigeria.

According to the World Bank Group Sanctions System FY21 report, the department was created by the African Development Bank, the World Bank Chief Suspension and Debarment Officer, and its sanctions board (AfDB).

The World Bank acknowledged the delisting decision taken by the AfDB, resulting in the cross-debarment policy banning the impacted enterprises.

David Malpass stated in the bank’s opening address that the bank had given more than $157 billion in aid to poor nations.

Additionally, he stated that norms for transparency and honesty in public financing are required as a result of this.

Malpass said: “As the world moves toward recovering from the pandemic’s damaging impacts, these costs can also restrict the private sector, which plays an important role in revitalizing economic growth and development in our client countries.”

The World Bank has banned the following Nigerian businesses and individuals for a period of between six months and five years due to compulsive behavior, corruption, and fraud, respectively.

1. Abou Ghazaleh Contracting Nigeria Limited The company and their owners; Mr Elie Abou Ghazaleh and Mr Fadi Abou Ghazaleh.
2. Swansea Tools Resources Swansea Tools Resources.
3. Juckon Construction and Allied Services Nigeria Limited Juckon.
4. Unique Concept Enterprises Owned by Ms Okafor Glory, Unique Concept Enterprises.
5. Asbeco Nigeria Limited.
6. A.G. Vision Construction Nigeria Limited.
7. Salihu Tijani. Debarred by AfDB for two years under cross-debarment recognised by the World Bank.
8. Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited.
9. Mashad Integrated And Investment Co Limited.
10. Medniza Global Merchants Limited.
11. ALG Global Concept Nigeria Limited Debarred by the AfDB for three years under cross-debarment recognised by the World Bank.
12. Abuharaira Labaran Gero
13. Qualitrends Global Solutions Nigeria Limited.
14. Maxicare Company Nigeria Limited.

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