World Bank Sanctions Two Nigerian Companies, Ceo For Fraud

The World Bank Group has issued a 30-month ban on two Nigerian firms, namely Viva Atlantic Limited and Technology House Limited, along with their Managing Director and Chief Executive Officer, Mr Norman Bwuruk Didam.

According to a press release from the Washington-based institution on Monday, the penalty results from findings related to fraudulent, collusive, and corrupt activities connected to Nigerias National Social Safety Nets Project NSSNP.

Investigations uncovered serious violations of the World Bank's Anticorruption Framework during the 2018 procurement and subsequent contracting procedures involving Viva Atlantic Limited, Technology House Limited, and Didam.

"The World Bank Group today announced the 30-month debarment of two Nigeria-based companies-Viva Atlantic Limited and Technology House Limited-and their Managing Director and Chief Executive Officer Mr Norman Bwuruk Didam. The debarment is in connection with fraudulent, collusive, and corrupt practices as part of the National Social Safety Nets Project in Nigeria." The statement read.

The World Bank reported that the companies and Didam falsely declared a conflict of interest in their Letter of Bids and inappropriately obtained confidential tender information from public officials, which constitutes fraudulent and collusive actions.