Wednesday, June 10, 2026
HomeNewsWorld Bank Debars Two Nigerian Firms and CEO for Corruption

World Bank Debars Two Nigerian Firms and CEO for Corruption

The World Bank has debarred Nigerian companies Viva Atlantic Limited, Technology House Limited, and their CEO, Norman Didam, for 30 months over fraudulent and corrupt practices in the National Social Safety Nets Project.

The firms misrepresented conflicts of interest, falsified records, and bribed officials during a 2018 procurement process.

As part of a settlement, they must implement compliance measures and ethics training. The debarment, eligible for cross-enforcement by other development banks, prevents them from participating in World Bank-funded projects. The bank cited their cooperation and corrective actions as reasons for a reduced penalty.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments