World Bank Bans Two Nigerian Firms, CEO Over Corruption Scandal in Social Safety Project

Share This News On...

Newsbino gathered that the World Bank has debarred two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their CEO, Norman Didam, for engaging in fraudulent, collusive, and corrupt practices.

The 30-month ban stems from their involvement in unethical dealings during Nigeria’s National Social Safety Nets Project (NSSNP), aimed at supporting poor and vulnerable households. Investigations revealed they misrepresented conflicts of interest, accessed confidential tender details, falsified records, and bribed officials.

JUST IN >>> Rivers Police Nab Woman for ATM Card Swapping Scam, N523k Stolen from Victim

As a result, the companies and their CEO are barred from participating in World Bank-funded projects globally. The penalties were slightly reduced due to their cooperation during the investigation and corrective actions taken.