Corruption : More Companies Sanctioned by World Bank

World, Company News business-news
Image result for Corruption : More Companies Sanctioned by World Bank

Even more firms and consultants operating in Nigeria have been completely blacklisted by the World Bank and the African Development Bank (AfDB). The affected companies were blacklisted for breaching different contractual agreements.

The new sanction came after the World Bank blacklisted CCECC Nigeria Company Limited along with five Chinese companies in the country.

The companies that were sanctioned by the World Bank are Idemia Nigeria Limited (Formerly Oberthur Technologies Nigeria Limited), with RC No, 677257 and offices in Lekki and Lagos; Best Scan Solutions Limited, with office in 10, Obanle Aro Avenue, Ilupeju, Lagos; Quick Projects Limited of 19, Allen Avenue, Lagos, and Marabef Global Limited, with offices in Abuja and Abia State.

Others are Lutoyilex Construct Limited of Gwarimpa, Abuja; Efemaz Construction & General Services Limited, with offices in Abuja and Delta State; Oceanic Construction & Engineering Nigeria Limited of 1133 Aminu Kano Crescent Wuse 11, Abuja, and Snc-Lavalin International (Nigeria) Limited, with office at 35 Moloney Street, Lagos.

The list also includes Emmajoko Nigeria Enterprises of No. 4 Onyemekaiha Close, Warri, Delta State; Rojoke Cne Services Limited and Cne Environmental & Waste Services Ltd of No. 2, Pinto Avenue, Gana Sapele, Delta State, and Sharda Impex (U.K.) Limited of Lagos.


SEE ALSO  Xenophobia : Shoprite Outlet Shut Down by NANS

Also, a Kano-based company, Shereena Agriculture Limited; Contransimex Nigeria Limited of 8, Adekunle Fajuyi Way, Ikeja; Sego Ventures Nigeria Limited of 17b Canery Drive, MKO Abiola Gardens, Ikeja, and D.A. Construction Limited of No. 1,114 Road, 1st Avenue, Gwarinpa, Abuja were included in the list.

The consultants that were sanctioned: The individual consultants on the list include Victor Dike of 19 Allen Avenue, Ikeja, Lagos; Iyke Ambrose of 10 Obanle Aro Avenue, off Coker Road, Ilupeju, Lagos; Patrick Alozie Onwuka, with addresses in Garki, Abuja and Aba, Abia State, and Bamidele Obiniyi of Suite 295, Soar Plaza, 1st Avenue, Gwarimpa Abuja.

The other consultants are Henry Chinedu Ojoko (the Proprietor, Emmajoko Nigeria Enterprises) of No. 4 Onyemekaiha Close, Warri, Delta State; Benson Ojoko, Project Coordinator, Delta State Employment agency in Asaba; Robinson Ekenedilichukwu Ojoko of No. 2, Pinto Avenue, Gana Sapele, Delta State, and Kamal Sharda of Lagos.


The newly sanctioned companies and individual consultants are among those in the August 16 updated publication by the World Bank on its website of companies and individuals found to have violated the bank’s policy.

While some of the companies and consultants were accused of violating the provisions of the guidelines for the selection and employment of consultants under International Bank for Reconstruction and Development (IBRD) loans and the International Development Association (IDA) credits and grants by World Bank borrowers. Others were sanctioned for infractions of the policy as spelt out in the Procurement Guidelines and the World Bank Procurement Regulations for Investment Project Financing Borrowers for projects after July 1, 2016.

SEE ALSO  Interswitch Collaborates With Microsoft On Blockchain Technology

Among the companies and individuals are those currently serving various terms of sanctions expected to terminate at various periods in 2023 or 2024.

Reactions
  • gbam!! ()
  • Interesting ()
  • funny ()
  • cool ()
  • nawaoooo ()
Share this
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Source :

About the Author

Millitime

Millitime

Latest News, Business & Finance News 24/7.

Leave a Reply

0
  Subscribe  
Notify of

Subscribe to Get the Best Articles Weekly

Interests