World Bank bans Nigerian companies, CEO over fraudulent practices
The World Bank Group has debarred two Nigerian companies, Viva Atlantic Limited and Technology House Limited, and their Managing Director and CEO, Mr Norman Bwuruk Didam, for engaging in fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria for 30 months.
The apex bank disclosed that its investigation uncovered significant violations of its Anticorruption Framework during a 2018 procurement process. The companies and Mr Didam were found to have misrepresented conflicts of interest in bid submissions and accessed confidential tender information from public officials.
Furthermore, Viva Atlantic Limited and its CEO falsified experience records submitted forged authorization letters and provided inducements to project officials.
