The World Bank has barred 59 Nigerian companies and individuals for engaging in corrupt practices and other procurement offences.
This was contained in a document recently released on its website, ‘World Bank Listing of Ineligible Firms and Individuals Notes on Debarred Firms and Individuals’.
According to Bank, those affected are 39 Nigerian companies previously debarred by the African Development Bank, AfDB. Also on the list are 19 individuals identified by the 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.
The source stated that the implication of the ban is that the blacklisted companies and individuals cannot apply for World Bank-funded projects.
The list includes firms and individuals with offices in Abuja, Lagos, Kano, Delta, Kaduna, Enugu and other parts of Nigeria.
Some of the companies barred by the Washington-based bank are AG Vision Construction Company, Maxicare Company Nigeria Limited and BestScan. Others are Beulah Universal Link Resources Limited, Salilu Shehu Ahmad Tijani and Okafor Glory(Director of Unique Concepts Enterprises). Also listed are China Zhonghao Nigeria Limited, Bamidele Obiniyi, and 51 others.
