World Bank Boosts Anti-Corruption Efforts for Fiscal 2023 miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Ignoring integrity risks in emerging markets when receiving financing from the World Bank Group (WBG) is about to become much riskier, as the WBG Sanctions System Annual Report for.
No fewer than seven Nigerian firms and individuals have been sanctioned by the World Bank for corruption during its 2022 fiscal year. The revelation was made in the bank’s latest Fiscal Year 2022, which covered July 1, 2021, to June 30, 2022, in the Sanctions System Annual Report. The list consists of three Nigerians and four Nigerian companies who were found guilty of corruption following investigations by the Washington-based bank.
Out of the 35 sanctioned firms and individuals, 32 were debarred with conditional release, making them ineligible to participate in projects and operations financed by the institutions of the World Bank Group.
World Bank Blacklists Four Nigerian Companies, Three Nigerians Over Corruption thenigerianvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenigerianvoice.com Daily Mail and Mail on Sunday newspapers.