The World Bank has imposed a 30-month ban on two Nigerian companies, alongside their Managing Director and Chief Executive Officer, Norman Didam, over alleged corrupt practices.
A statement by the Washington-based bank said the sanction follows findings of fraudulent, collusive and corrupt practices connected to the National Social Safety Nets Project (NSSNP) in Nigeria.
The ban prohibits the companies, Viva Atlantic Limited and Technology House Limited, and Didam from participating in World Bank Group-financed projects and operations.
The statement reads: “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 alleged fraudulent, collusive and corrupt practices as part of the National Social Safety Nets Project in Nigeria.”
The bank stated that the investigations revealed serious breaches of its Anti-Corruption Framework in the 2018 procurement and subsequent contract processes involving Viva Atlantic Limited, Technology House Limited, and Didam.
