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The World Bank has indicted and blacklisted six Chinese companies currently operating in Nigeria for fraud and corruption.
The companies affected companies are:
- CCECC Nigeria Railway Company Limited,
- CRCC Petroleum and Gas Company Limited
- CCECC Nigeria Company Limited.
- Railway Construction (International) Nigeria Company Limited,
- China Railway 18th Bureau Nigeria Engineering Company Limited and,
- CCECC Nigeria Lekki (FTA) Company Limited.
According to an announcement published on the World Bank’s website, the six companies were among several firms from different parts of the world that were sanctioned by the bank.
The announcement was issued by the procurement unit of the bank in a document titled ‘Procurement – World Bank Listing of Ineligible Firms and Individuals’.
The companies were accused of violating the global bank’s procurement guidelines.
According to the World Bank, they would not be eligible to be awarded any of the Bank’s contracts between June 4, 2019 and March 3, 2020.
The bank statement reads:
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“The firms and individuals listed below are ineligible to be awarded a World Bank-financed contract for the periods indicated because they have been sanctioned under the bank’s fraud and corruption policy as set forth in the Procurement Guidelines and the Consultant Guidelines (for projects before July 1, 2016); or through the World Bank Procurement Regulations for Investment Project Financing Borrowers (for projects after July 1, 2016).
“Such sanction was imposed as the result of (1) an administrative process conducted by the Bank that permitted the accused firms and individuals to respond to the allegations.
“Through July 2007, this process was conducted in accordance with the Sanctions Committee Procedures adopted on August 2, 2001.
“The process is currently conducted in accordance with bank Procedure: Sanctions Proceedings and Settlements in the Bank Financed Projects.”
The World Bank further disclosed that some of the firms were sanctioned as a result of cross-debarment in accordance with the Agreement for Mutual Enforcement of Debarment Decisions dated 9 April 2010.
The decisions had been made effective by the World Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and African Development Bank since July 1, 2011.
