A report has disclosed that 18 Nigerian individuals and firms have been blacklisted by the World Bank for participating in corrupt and fraudulent activities in its 2021 fiscal year.
The decisions were made by the World Bank Sanctions Board, World Bank Chief Suspension and Debarment Officer and the African Development Bank .
The list of debarred individuals and firms was highlighted in a new annual report titled World Bank Group Sanctions System FY21.
The debarment made by AfDB were acknowledged by the World Bank, making the affected firms to be barred under cross-debarment policy.
WORLD BANK BLACKLISTS 18 NIGERIAN INDIVIDUALS, FIRMS FOR CORRUPT PRACTICES
GLOBETELLY 