ADVERTISEMENT
Apples Bite Int'l Magazine
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

    Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

    Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

    Armed Men Reportedly Kidnap Sowore In Ekiti, Vandalise Restaurant

    Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University

    Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University

    Samson Adamu Makes History As First Nigerian To Become CAF General Secretary

    Samson Adamu Makes History As First Nigerian To Become CAF General Secretary

    Nigeria Did Not Sell $700bn Mineral Assets To US, Dele Alake Clarifies

    Nigeria Did Not Sell $700bn Mineral Assets To US, Dele Alake Clarifies

    Metuh Calls For Tougher Punishment For Fake Drug Producers, Rejects Five-Year Jail Term

    Metuh Calls For Tougher Punishment For Fake Drug Producers, Rejects Five-Year Jail Term

    Tinubu Nominates Six Executive Directors To NMDPRA Board, Appoints New Legal Adviser

    Tinubu Nominates Six Executive Directors To NMDPRA Board, Appoints New Legal Adviser

    Okoye Warns Journalists Against Promoting Politicians’ Hate Speech Ahead Of 2027 Elections

    Okoye Warns Journalists Against Promoting Politicians’ Hate Speech Ahead Of 2027 Elections

    Raff Military Textile Targets Nigerian Partnerships At AFRIDEX 2026

    Raff Military Textile Targets Nigerian Partnerships At AFRIDEX 2026

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
    • Energy
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Religion
    • Education
    • Law
    • Metro
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • Contact Us
No Result
View All Result
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

    Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

    Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

    Armed Men Reportedly Kidnap Sowore In Ekiti, Vandalise Restaurant

    Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University

    Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University

    Samson Adamu Makes History As First Nigerian To Become CAF General Secretary

    Samson Adamu Makes History As First Nigerian To Become CAF General Secretary

    Nigeria Did Not Sell $700bn Mineral Assets To US, Dele Alake Clarifies

    Nigeria Did Not Sell $700bn Mineral Assets To US, Dele Alake Clarifies

    Metuh Calls For Tougher Punishment For Fake Drug Producers, Rejects Five-Year Jail Term

    Metuh Calls For Tougher Punishment For Fake Drug Producers, Rejects Five-Year Jail Term

    Tinubu Nominates Six Executive Directors To NMDPRA Board, Appoints New Legal Adviser

    Tinubu Nominates Six Executive Directors To NMDPRA Board, Appoints New Legal Adviser

    Okoye Warns Journalists Against Promoting Politicians’ Hate Speech Ahead Of 2027 Elections

    Okoye Warns Journalists Against Promoting Politicians’ Hate Speech Ahead Of 2027 Elections

    Raff Military Textile Targets Nigerian Partnerships At AFRIDEX 2026

    Raff Military Textile Targets Nigerian Partnerships At AFRIDEX 2026

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
    • Energy
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Religion
    • Education
    • Law
    • Metro
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • Contact Us
No Result
View All Result
Apples Bite Int'l Magazine
No Result
View All Result
Adron Homes Lemon Friday
Home News Bite

CORRUPTION: World Bank Bans Two Nigerian Firms, CEO

Madukwe Nwabuisi by Madukwe Nwabuisi
January 21, 2025
in News Bite
Reading Time: 3 mins read
0
World Bank to Grant Nigeria $2.2bn Loan in 2025
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

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, for fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria.

In a statement issued on Monday, the World Bank disclosed that 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.

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.

“The debarment is in connection with fraudulent, collusive, and corrupt practices as part of the National Social Safety Nets Project in Nigeria.”

RelatedPosts

Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

October 30, 2026
Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash

Armed Men Reportedly Kidnap Sowore In Ekiti, Vandalise Restaurant

October 30, 2026
Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University

Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University

October 30, 2026

The bank said 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.

It added that these actions constituted fraudulent and collusive practices under its Anti-corruption Framework.

The World Bank further noted that Viva Atlantic Limited and Didam falsified the company’s experience records, submitted fake manufacturer’s authorisation letters, and provided inducements to project officials, which it classified as corrupt practices.

These violations, according to the bank, undermined the integrity of the social safety net initiative designed to benefit Nigeria’s most vulnerable populations.

The statement noted, “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.

“Further, Viva Atlantic Limited and Mr. Didam misrepresented Viva Atlantic Limited’s experience and submitted falsified manufacturer’s authorization letters, as well as offered and provided things of value to project public officials. These actions were fraudulent and corrupt practices, respectively.”

The debarment precludes the two companies and Didam from participating in World Bank-financed projects and operations for the specified period.

As part of their settlement agreements, the parties acknowledged their culpability and committed to meeting specified conditions, including enhanced compliance measures.

The conditions require Didam to complete individual ethics training, while the companies are mandated to improve their internal integrity compliance policies and implement corporate ethics training programmes in line with the bank’s Integrity Compliance Guidelines.

The bank highlighted that reduced debarment periods were granted due to the parties’ cooperation during investigations, voluntary corrective actions, self-imposed restraints from bidding for contracts, and the time elapsed since the infractions.

The statement added that the debarments qualify for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, signed in April 2010.

It also stated, “The companies also commit to continue to fully cooperate with the Bank Group Integrity Vice Presidency. The settlement agreements feature reduced debarment periods due to the companies’ and Mr Didam’s cooperation with the Bank Group’s investigation, voluntary corrective actions, voluntary restraint from participating in Bank Group tenders, and the passage of time.”

The World Bank reiterated its commitment to ensuring transparency and accountability in development projects, stressing that the sanctions demonstrate its zero-tolerance approach to corruption.

It said the implicated parties must fulfil the stipulated conditions during the debarment period to regain eligibility for participation in future Bank-funded initiatives.

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: CorruptionwORLD bANK

Related Posts

Samson Adamu Makes History As First Nigerian To Become CAF General Secretary
Sports

Samson Adamu Makes History As First Nigerian To Become CAF General Secretary

October 30, 2026
Nigeria Did Not Sell $700bn Mineral Assets To US, Dele Alake Clarifies
News Bite

Nigeria Did Not Sell $700bn Mineral Assets To US, Dele Alake Clarifies

October 30, 2026
Metuh Calls For Tougher Punishment For Fake Drug Producers, Rejects Five-Year Jail Term
News Bite

Metuh Calls For Tougher Punishment For Fake Drug Producers, Rejects Five-Year Jail Term

October 30, 2026
Tinubu Nominates Six Executive Directors To NMDPRA Board, Appoints New Legal Adviser
News Bite

Tinubu Nominates Six Executive Directors To NMDPRA Board, Appoints New Legal Adviser

October 30, 2026
Okoye Warns Journalists Against Promoting Politicians’ Hate Speech Ahead Of 2027 Elections
News Bite

Okoye Warns Journalists Against Promoting Politicians’ Hate Speech Ahead Of 2027 Elections

October 30, 2026
Raff Military Textile Targets Nigerian Partnerships At AFRIDEX 2026
News Bite

Raff Military Textile Targets Nigerian Partnerships At AFRIDEX 2026

October 30, 2026
Load More
No Result
View All Result

Recent Posts

  • How Governor Dauda Lawal Built ₦75bn Gusau Airport With Zamfara’s Debt Profile Declining | By Karen Ibrahim
  • Ekiti Police Deny Sowore’s Kidnap, Say AAC Presidential Candidate Was Rescued After Restaurant Clash
  • Armed Men Reportedly Kidnap Sowore In Ekiti, Vandalise Restaurant
  • Femi Branch Receives Second Honorary Doctorate Degree From Benin Republic University
  • Samson Adamu Makes History As First Nigerian To Become CAF General Secretary

Recent Comments

    Apples Bite Int'l Magazine

    Apples Bite Magazine is your premier destination for updates in business, daily news, and entertainment. At Apples Bite, we serve insightful stories and in-depth analysis, curated to empower professionals, entrepreneurs, and forward-thinking individuals who thrive on staying ahead of the curve.

    © 2026. All Rights Reserved. ApplesBite International Magazine.

    No Result
    View All Result
    • News Bite
      • Politics
      • International
      • National
      • Show Biz
      • Events
      • Security
      • Sports
      • Press Release
    • Lifestyle Bite
      • Fitness
      • Nutrition
      • Personal Growth
      • Travel
    • Health Bite
      • Doctor’s Diagnosis
    • Brand & Business Bite
      • Energy
    • Fashion Bite
    • Opinion Bite
      • Featured Story
      • Fiction & Poetry
      • Career
      • Teachings
      • ABM Staff Blog
      • ABM True Stories
      • Research
      • Tech
    • More
      • Latest Magazine Issue
      • Leadership 360°
      • Religion
      • Education
      • Law
      • Metro
      • Romance
        • Love
        • Sex and Relationship
        • ABM TV
        • Interviews
        • Movies
        • Red Carpets
    • Contact Us

    © 2026. All Rights Reserved. ApplesBite International Magazine.