World Bank, AfDB Blacklist 31 Firms Over fraud
The World Bank and the African Development Bank (AfDB) have released a list of 31 firms operating in Nigeria for sanction over fraud and corruption related offences. The new list of companies and consultants was published in...
Corruption: W'Bank Blacklist 6 Chinese Firms In Nigeria
The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption.
The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria Railway Company Limited, CRCC Petroleum and...
We Haven’t Spent World Bank’s $1.66bn - TCN
The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other multilateral financing agencies has not been invested contrary to claims being made in some quarters.
The government-owned transmission company said the financing...
W/Bank Loans In Nigeria Rise By $2.19bn In 3 Years
The World Bank loan portfolio in Nigeria increased by $2.19bn in the last three years, investigation has shown.
Data obtained from the Debt Management Office in Abuja on Monday showed that the country’s loan commitment to...
Fraud: Nigerian firm, Lutoyilex, Barred From Bidding For AfDB, W/Bank Contracts
Lutoyilex Construct Limited, a construction company registered in Nigeria, has joined the list of firms debarred for fraudulent practices by the African Development Bank Group and other international bodies.
The AfDB, on Tuesday, announced the...
W/Bank Earmarks $4bn For 36 States
The World Bank has earmarked about $4bn for poverty eradication, erosion control, human capital development and health-related issues in the 36 states of the federation.
Chairman of the Nigeria Governors’ Forum (NGF), Governor Kayode Fayemi of Ekiti State, said this...
