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4 hours ago
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The World Bank Group has debarred two Nigerian companies.
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The debarment is due to fraudulent, collusive.
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The companies and Didam misrepresented conflicts of interest.
The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam.
The debarment is in connection with fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria.
According to a statement issued by the World Bank, the project aimed to provide targeted financial assistance to poor and vulnerable households was compromised due to several unethical practices during a 2018 procurement and subsequent contract process.
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The statement read, “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.”
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The World Bank disclosed that Viva Atlantic Limited, Technology House Limited, and Didam misrepresented a conflict of interest in their bids and accessed confidential tender information from public officials.
The bank said, “According to the facts of the case and the general principles of the World Bank’s Anticorruption Framework, in connection with a 2018 procurement and subsequent contract, Viva Atlantic Limited, Technology House Limited, and Mr. Didam misrepresented a conflict of interest in the companies’ Letter of Bids and received confidential tender information from public officials, which constituted fraudulent and collusive practices, respectively.”
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