Corruption Scandal: World Bank Bans Nigerian Companies and Executive
The World Bank has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director and CEO, Mr. Norman Bwuruk Didam.
This action is in response to fraudulent, collusive, and corrupt practices associated with the National Social Safety Nets Project in Nigeria.
The debarment prohibits the companies and Mr. Didam from participating in World Bank-financed projects and operations for the specified period.
As part of their settlement agreements, the parties have acknowledged their culpability and agreed to meet specified integrity compliance conditions as a requirement for release from debarment.