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.
African investors accounted for 22.76% of Nigeria’s foreign capital inflows in Q3 2024.
The National Bureau of Statistics (NBS) has reported that African investors, excluding those from Nigeria, contributed 22.76% of the total...
Read more