Connect with us

General

World Bank Blacklists 18 Nigerians, Firms

Published

on

World Bank Blacklists

By Adedapo Adesanya

The World Bank said it blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year.

This was disclosed by the global lender in a new report titled World Bank Group Sanctions System FY21.

It further stated that the debarments were made by the World Bank Sanctions Board, World Bank Chief Suspension and Debarment Officer and the African Development Bank (AfDB).

The debarments made by AfDB were recognised by the World Bank, making the affected firms to be barred under the cross-debarment policy.

World Bank Group’s David Malpass stated that the bank had granted over $157 billion to assist developing countries, as he emphasised the need for integrity and transparency standards in public finance.

“Since the beginning of the global pandemic, the World Bank Group has deployed more than $157 billion in critical assistance to developing countries. The crisis has required us to be rapid and innovative in mobilising this historic support.

“Yet, for these resources to have the needed development impact on the hundreds of millions of people who live in extreme poverty, we must ensure that resources are used efficiently, effectively, and for their intended purposes. And that means remaining vigilant to the scourge of corruption and ensuring that we promote the highest integrity and transparency standards in public finance,” Mr Malpass said.

He noted that some of the consequences of corruption could be devastating to people and their communities.

“The negative impacts of corruption on lives and livelihoods are well known. Corruption diverts scarce development dollars from the people who need them most and corrodes the systems and services that are integral for reducing extreme poverty,” Mr Malpass said.

Based on the World Bank Sanctions Board’s decision, Mr Elie Abou Ghazaleh and Mr Fadi Abou Ghazaleh, alongside their firm, Abou Ghazaleh Contracting Nigeria Limited, were debarred for six months for collusive practices.

Based on the decision of the World Bank Chief Suspension and Debarment Officer, a Nigerian firm, Swansea Tools Resources, was debarred for fraudulent practices for two years and 10 months.

Referred to under Sanctions Case No 651, it was disclosed that the firm misrepresented its past experience in its bid for a road maintenance contract.

Another Nigerian firm, Juckon Construction and Allied Services Nigeria Limited was debarred for corrupt practices for three years. Referred to under Sanctions Case No 649, it was disclosed that the firm made improper payment to a public official.

A Nigerian, Ms Okafor Glory, was debarred for fraudulent practices for four years, while the firm involved, Unique Concept Enterprises, was debarred for five years for the same reason.

Another Nigerian firm, Asbeco Nigeria Limited, was debarred for five years for corrupt practices.

The matter which involved Ms Glory and the firm, Unique Concept Enterprises, was presented under Sanctions Case No 691.

Based on the World Bank’s Sanctions Board Decision, A.G. Vision Construction Nigeria Limited was debarred for fraudulent practices and collusive practices for four years and six months.

Not included in the report is a recent debarment of a Nigerian consultant, Mr Salihu Tijani, who is a consultant for the National Social Safety Nets Project, a project designed to ensure cash transfers to poor and vulnerable households in Nigeria.

Mr Tijani was barred for 38 months for engaging in corrupt practices.

Aside from the firms mentioned so far, there are some firms that were debarred by other multilateral organisations under cross-debarment, which makes them debarred by the World Bank.

Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co Limited, and Medniza Global Merchants Limited were debarred by the AfDB for two years under cross-debarment recognised by the World Bank.

ALG Global Concept Nigeria Limited, Abuharaira Labaran Gero, Qualitrends Global Solutions Nigeria Limited, and Maxicare Company Nigeria Limited were debarred by the AfDB for three years under cross-debarment recognised by the World Bank.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Continue Reading
2 Comments

2 Comments

  1. Pingback: World Bank Blacklists 18 Nigerians, Firms - Rifnote Wire

  2. Pingback: World Bank Blacklists 18 Nigerians, Firms - Daily Jagaban

Leave a Reply

General

Council Approves Board to Manage Power Sector Liabilities

Published

on

power sector liabilities

By Adedapo Adesanya

The National Council on Privatisation (NCP) has approved the board composition and proposed governance framework for the sustainable management and payment of post-privatisation power sector liabilities transferred to the Nigerian Electricity Liability Management Company (NELMCO) Board.

In a meeting presided over by Vice President Yemi Osinbajo, the council also approved the fast-tracking of the work plan for the concession of the Zungeru Hydroelectric Power Plant (ZHPP).

On the board of the NELMCO board are the Minister of Finance, Mrs Zainab Ahmed, who is the Chairman; while members will comprise the Minister of Power, Mr Abubakar Aliyu; Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh; Director-General, Debt Management Office (DMO), Ms Patience Oniha; Managing Director, NELMCO, Mr Adebayo Fagbemi; and all its Executive Directors.

It was also resolved that two key members from the private sector be included on the board.

Also at the meeting, it was noted that the key objectives of the Zungeru Hydroelectric Power Plant concession include leveraging private sector access to finance and reduce the reliance on government budgetary allocation to fund the China EXIM Bank loan; and leveraging efficiencies and better facility management (maintenance) culture of the private sector for long-term preservation of the asset.

The Council had, in its December 2020 meeting, approved the concession of the ZHPP.

Similarly, the team was briefed on the performance assessment report of the nine Electricity Distribution Companies (DISCOs), which has been forwarded to the Nigerian Electricity Regulatory Commission (NERC), the sector regulator, for further review and action.

At the meeting, it was noted that a thorough performance assessment revealed that most of the set performance targets were not met by the nine electricity distribution companies.

Continue Reading

General

Google Organises Residency Programme for Young Non-mainstream Creators

Published

on

Google Accelerator Programme

By Modupe Gbadeyanka

Some young non-mainstream creators were recently gathered in Nairobi, Kenya for a two-day residency programme organised by a tech giant, Google.

The bootcamp took place from Tuesday, June 28 to Thursday, June 30, 2022, and helped participants learn how to better connect with their audiences and move the culture forward through platforms like Google Arts & Culture, YouTube and YouTubeShorts.

The program will see the first batch of 25 young Alté creatives from Nigeria, Kenya, Ghana, Botswana, and South Africa attend the residency and be equipped with entrepreneurial skills on how they can enhance the visibility of their brands.

Google explained that it came up with the idea to upskill and celebrate the young creatives, who are normally not given a chance on mainstream media, which resulted in many of them taking to YouTube and others to tell their stories.

“It’s exciting to see creators that identify as non-mainstream find community on our platform. This comes just a few days after we announced a call for applications for the YouTube Black Voices Fund for 2023 aimed at elevating marginalised voices.

“The aim of the residency is to amplify the impact of the Alté movement in Africa and the world. We also want to showcase how products like YouTube and YouTube Shorts and platforms like Google Arts & Culture can help drive the culture forward,” the Communications and Public Relations Manager for Google West Africa, Taiwo Kola-Ogunlade, said.

Though it started in Nigeria, it has strongly taken root across the continent. Recent Google Search trends from across Africa show an increase in `Alté’ related searches from 2020, with questions like ‘What is alté?’, ‘Who is an alté?’ and ‘How to dress alte?’, being the most searched alté related questions.

Other top searches in Africa on Alté include alte’ music, alte’ songs, alte’ suit designs, top alte’ vibe, alte’ kids, alte’ Nigeria, alte’ in Ghana Music, and alte’ food.

Google has also invited Alté creatives that have global brands such as Tshepo The Jeans Maker to give career talks to the young creative entrepreneurs on how to further build and monetise their brands.

Continue Reading

General

Reps to Investigate Duplication of Functions Across MDAs

Published

on

House of Reps

By Adedapo Adesanya

The House of Representatives has inaugurated an ad-hoc committee to investigate the duplication of functions rife across ministries, departments, and agencies (MDAs) of the government.

The Speaker of the House of Representatives, Mr Femi Gbajabiamila, who inaugurated the committee, said that the panel aims to reduce the cost of governance and prevent redundancy.

He said that the government has noticed that there was duplication of functions by the different agencies which has led to reduced productivity.

“An organization’s vision and mission must of necessity be derived from the mandate and functions enunciated by its establishment act or any instrument that establishes it.

“Uncertainty sets in when we have multiple agencies carrying out the same functions, leading to bickering, suspicion, and eventually duplication of efforts and waste of hard-earned government resources and time.

“Governments in the past have put in place measures to ensure effective and efficient service delivery by agencies of government, e.g., SERVICOM, but this could not achieve much without a clearly defined mandate,” Mr Gbajabiamila said.

He stressed that “The House of Representatives is not out to witch-hunt any individual or organization, but we are propelled by our desire to ensure good governance and in the exercise of our legislative oversight powers as enshrined in Sections 88 and 89 of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

“This Committee is expected to come up with solutions to the apparent continuous conflict of functions and avoidable bickering among established Ministries, Departments and Agencies (MDA’s), resulting in ineffectiveness, inefficiency and redundancy in the government workforce.

“The committee is therefore expected to engage relevant stakeholders and members of the public with a view to resolving the areas of conflict among the MDA’s, which may require amending some laws and/or outright repeal, as the case may be.”

Mr Gbajabiamila urged the MDAs and other critical stakeholders to work with the committee to complete its mandate in accordance with its Terms of Reference.

The Chairman of the team, Mr Victor Mela Danzaria, said that most of the laws establishing government agencies were made during the military regime and are not in tandem with democracy.

He said that subject matter has been a thorn in the flesh of previous governments which led to the setting up of various committees in the past.

“It is important to note however that our task is different from that of the Oransanya Committee. Whereas their major concern was to reduce the cost of governance, ours is to streamline, merge and if need be, scrap some in order to bring about efficiency in the governance,” Mr Danzaria said.

He assured Nigerians that the committee would conduct a detailed investigation into the activities of some of the agencies and come up with a report that would have a far-reaching decision that would strengthen the agencies.

Meanwhile, the Chief Whip who moved the motion that led to the constitution of the ad-hoc committee, Mr Muhammed Mongunu, said that during a series of oversight functions, it was observed that there were various agencies duplicating functions.

“It is out of the totality of our oversight functions over three sessions that generated the motion on the floor of the House and the parliament saw that there was the need to come up with something that would address these challenges,” Mr Monguno said.

He added that the committee needs to establish areas of mergers and synergies so that existing laws can be justified.

Continue Reading

Latest News on Business Post

Like Our Facebook Page

%d bloggers like this: