Friday, August 30, 2024
The World Bank has imposed a sweeping ban on 59 Nigerian companies and individuals, prohibiting them from applying for its contracts for up to 900 years. The ban affects firms implicated in fraud and contract violations, with some of these firms having been banned as far back as 2000.
Among the entities banned are several firms and individuals added to the list in 2024 for corrupt practices. Notably, Mr. Akuboh Victor Uneojo, Diyokes Consultants Limited, and Engr. Innocent O. Diyoke are among those newly barred, with their ineligibility extending to 2025 and 2026.
The World Bank’s report states that these companies are debarred from participating in any World Bank-financed contracts due to breaches of procurement regulations. The full list of affected companies includes prominent names such as CNE Services Ltd. and Marabef Global Limited, among others. Many of the bans will last until the year 2999, demonstrating the long-term impact of these violations.
The World Bank’s action highlights its commitment to maintaining integrity in its procurement processes and preventing corruption. The complete list of banned companies and individuals is available for download on the World Bank’s website.
