The World Bank has barred 59 Nigerian companies and individuals for engaging in corrupt practices and other procurement offences.
This is according to a document recently released on its website, ‘World Bank Listing of Ineligible Firms and Individuals Notes on Debarred Firms and Individuals’.
Among those affected are 39 Nigerian companies previously debarred by the African Development Bank, AfDB, along with 19 individuals identified by the World Bank under the cross-debarment policy.
The World Bank lists updates every three hours and, at the time of this report, contained 1,210 companies and individuals globally.
FG plans to spend more on debt servicing, capital expenditures
The Federal Government has outlined plans to allocate a significant portion of its budget to debt servicing over the next...
Read more