List of 17 Nigerian companies, individuals banned by World Bank for corrupt practices

The World Bank has debarred nine Nigerian individuals and firms from executing any contract with it for engaging in corrupt, fraudulent and collusive practices.

This is contained in its recent report titled ‘Sanctions System Annual Report for Fiscal Year 2021’.

In addition to the debarments, eight Nigerian companies debarred by the African Development Bank (AfDB) were also recognised by World Bank under the cross-debarment policy.

This report covers the Fiscal Year 2021 (FY21) — from July 1, 2020 to June 30, 2021 — and was prepared by the offices of the World Bank Group’s (WBG) sanctions system.

“In the fiscal year 2021, the World Bank Group sanctioned 57 firms and individuals, of which 54 were debarred with conditional release, making them ineligible to participate in projects and operations financed by institutions of the World Bank Group. In addition, three firms were sanctioned with conditional non-debarment, leaving them eligible to participate in World Bank Group-financed operations after meeting certain agreed-upon conditions,” the report reads.

“The institution also recognised 92 cross-debarments from other multilateral development banks (MDBs), while 45 World Bank Group debarments were eligible for recognition by other MDB,” the report adds.

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They are Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated And Investment Co Limited, and Medniza Global Merchants Limited — all banned for two years.

Others include ALG Global Concept Nigeria Limited, Abuharaira Labaran Gero, Qualitrends Global Solutions Nigeria Limited, and Maxicare Company Nigeria Limited. These firms are ineligible to participate in projects and operations financed by institutions of the World Bank for three years.

Speaking on the report, David Malpass, World Bank president, said; “The World Bank Group is firmly committed to placing governance, anti-corruption, and transparency front and centre in our work. A stable, respected rule of law is essential to good development outcomes. An important piece of our anti-corruption efforts is the World Bank Group’s sanctions system.”

He said that since the beginning of the COVID-19 pandemic, the World Bank Group has deployed more than $157 billion in critical assistance to developing countries.

“Yet, for these resources to have the needed development impact on the hundreds of millions of people who live in extreme poverty, we must ensure that resources are used efficiently, effectively, and for their intended purposes,” he said.

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“And that means remaining vigilant to the scourge of corruption and ensuring that we promote the highest integrity and transparency standards in public finance.”

The list of Nigerian firms and individuals debarred by the World Bank are published below…

-Mr. Elie Abou Ghazaleh

-Mr. Fadi Abou Ghazaleh

-Abou Ghazaleh Contracting
Nigeria Limited

-Swansea Tools Resources

-Juckon Construction and Allied
Services Nigeria Limited

-Ms. Okafor Glory

-A.G. Vision Construction Nigeria
Ltd

-Unique Concept Enterprises

-Asbeco Nigeria Ltd.

-Sangtech International Services Limited

-Sangar & Associates (Nigeria) Limited

 -Mashad Integrated And Investment Co. Limited

-Medniza Global Merchants Limited

-ALG GLOBAL CONCEPT Nigeria Limited

-Abuharaira Labaran Gero

-Qualitrends Global Solutions Nigeria Limited

-MAXICARE COMPANY NIGERIA LIMITED

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