The World Bank Group has issued a sweeping ban on Nigerian companies Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and CEO, Norman Didam. The trio were found guilty of engaging in fraudulent, collusive, and corrupt practices in World Bank-financed projects.
This decision comes as part of the global financial institution’s zero-tolerance policy on corruption, ensuring accountability in its operations. The sanctions prohibit the firms and their CEO from participating in World Bank-funded contracts for an extended period.
The ban sends a strong message about the World Bank’s commitment to transparency and ethical conduct, as investigations reveal serious breaches of trust in development initiatives. Further details on the implicated projects remain under wraps.
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