The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and operations.
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 number of debarments now stands at 58, rendering the implicated entities ineligible to participate in projects and operations financed by institutions of the World Bank Group.
The list which the World Bank updates every three hours, contains a total of 1,210 companies and individuals globally at the time of this report.
A debarment renders firms/individuals ineligible to participate in projects and operations financed by institutions of the World Bank Group.
– lbusinessday.ng
