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Home Business News

Corruption: World Bank, AfDB blacklist more firms in Nigeria

Damilare Famuyiwa by Damilare Famuyiwa
August 21, 2019
in Business News, Politics
World Bank, Focus on lifting people out of poverty - World Bank tells FG , World Bank, IFC to assist in solving Nigeria’s infrastructure deficit , EXCLUSIVE: World Bank tasks developing nations to tap opportunities in GVCs, Warning signs: Nigerians living in extreme poverty might increase by 30 million – World Bank, US, China and UK’s protectionism ambition to affect Nigeria’s export, FDI , Terrorism bane to Nigeria's Agric development - World Bank

David Malpass, World Bank's President

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More companies and consultants operating in Nigeria have been blacklisted by the World Bank and the African Development Bank (AfDB). The affected companies were blacklisted for breaching different contractual agreements.

The new sanction came after the World Bank blacklisted CCECC Nigeria Company Limited and other five Chinese companies in the country.

The companies that were sanctioned: The companies that were sanctioned by the World Bank are Idemia Nigeria Limited (Formerly Oberthur Technologies Nigeria Limited), with RC No, 677257 and offices in Lekki and Lagos; Best Scan Solutions Limited, with office in 10, Obanle Aro Avenue, Ilupeju, Lagos; Quick Projects Limited of 19, Allen Avenue, Lagos, and Marabef Global Limited, with offices in Abuja and Abia State.

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Others are Lutoyilex Construct Limited of Gwarimpa, Abuja; Efemaz Construction & General Services Limited, with offices in Abuja and Delta State; Oceanic Construction & Engineering Nigeria Limited of 1133 Aminu Kano Crescent Wuse 11, Abuja, and Snc-Lavalin International (Nigeria) Limited, with office at 35 Moloney Street, Lagos.

The list also includes Emmajoko Nigeria Enterprises of No. 4 Onyemekaiha Close, Warri, Delta State; Rojoke Cne Services Limited and Cne Environmental & Waste Services Ltd of No. 2, Pinto Avenue, Gana Sapele, Delta State, and Sharda Impex (U.K.) Limited of Lagos.

Also, a Kano-based company, Shereena Agriculture Limited; Contransimex Nigeria Limited of 8, Adekunle Fajuyi Way, Ikeja; Sego Ventures Nigeria Limited of 17b Canery Drive, MKO Abiola Gardens, Ikeja, and D.A. Construction Limited of No. 1,114 Road, 1st Avenue, Gwarinpa, Abuja were included in the list.

The consultants that were sanctioned: The individual consultants on the list include Victor Dike of 19 Allen Avenue, Ikeja, Lagos; Iyke Ambrose of 10 Obanle Aro Avenue, off Coker Road, Ilupeju, Lagos; Patrick Alozie Onwuka, with addresses in Garki, Abuja and Aba, Abia State, and Bamidele Obiniyi of Suite 295, Soar Plaza, 1st Avenue, Gwarimpa Abuja.

[READ ALSO: Emefiele vows to defend the foreign reserves over $9 billion court ruling]

The other consultants are Henry Chinedu Ojoko (the Proprietor, Emmajoko Nigeria Enterprises) of No. 4 Onyemekaiha Close, Warri, Delta State; Benson Ojoko, Project Coordinator, Delta State Employment agency in Asaba; Robinson Ekenedilichukwu Ojoko of No. 2, Pinto Avenue, Gana Sapele, Delta State, and Kamal Sharda of Lagos.

What you should know: The newly sanctioned companies and individual consultants are among those in the August 16 updated publication by the World Bank on its website of companies and individuals found to have violated the bank’s policy.

While some of the companies and consultants were accused of violating the provisions of the guidelines for the selection and employment of consultants under International Bank for Reconstruction and Development (IBRD) loans and the International Development Association (IDA) credits and grants by World Bank borrowers. Others were sanctioned for infractions of the policy as spelt out in the Procurement Guidelines and the World Bank Procurement Regulations for Investment Project Financing Borrowers for projects after July 1, 2016.

Among the companies and individuals are those currently serving various terms of sanctions expected to terminate at various periods in 2023 or 2024.

[READ ALSO: NSE ended Tuesday’s trading session in negative territory]

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Tags: African Development Bank (AfDB)CCECC Nigeria Company LimitedInternational Development Association

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