Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • Fagbemi, Maida Seek Unified Communications Regulation For Digital Growth
  • Kaycee Orji Unveils Roxettes Plaza In Enugu, Declares Africa Ready To Compete
  • Umunneochi Council Of PGs Decries “Ugly Trends” In Legislative Council, Calls For Peace
  • LASUED Wins Gold At Lagos Campus Beach Soccer 2025
  • $1 Trillion Economy: Why Tinubu Must Listen To Dangote, Ekeh, Others
  • Peter Obi Decries Nigeria’s Rising Debt Profile, Warns Of Dire Consequences
  • NASENI, BPP Sign MoU To Enforce “Nigeria First Movement”
  • NGX Boss, Umaru Kwairanga, To Chair Business Journal Fintech Roundtable 2025
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » World Bank Bans Two Nigerian Companies, CEO Over Corruption
Business

World Bank Bans Two Nigerian Companies, CEO Over Corruption

Our REPORTERBy Our REPORTER21 January 2025No Comments1 Min Read120 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
World Bank
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

The World Bank has banned two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their CEO, Norman Didam, for 30 months due to corruption linked to the National Social Safety Nets Project, reports Digital TimesNG.

The World Bank disclosed in a statement on Monday, 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.

According to the bank, the companies misrepresented conflicts of interest, accessed confidential tender information, and submitted falsified documents during a 2018 procurement process. They also offered inducements to project officials, violating the World Bank’s anti-corruption policies.

As part of a settlement, the companies and Didam admitted wrongdoing and agreed to implement compliance measures. This includes ethics training for Didam and improved internal integrity policies for the companies.

The ban prevents them from participating in World Bank-funded projects and may extend to other global development institutions. The World Bank emphasized its commitment to transparency and accountability in development projects.

READ ALSO  NITDA, World Bank Train 200 Women On Content Creation
#Norman Didam #Technology House #Viva Atlantic #World Bank
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleREVEALED: Why NCC Approved 50% Tariff Increase For Telecom Operators
Next Article FG Moves To Exit Country From FATF Grey List
Our REPORTER
  • Website

Related Posts

Kaycee Orji Unveils Roxettes Plaza In Enugu, Declares Africa Ready To Compete

30 July 2025

NASENI, BPP Sign MoU To Enforce “Nigeria First Movement”

29 July 2025

NGX Boss, Umaru Kwairanga, To Chair Business Journal Fintech Roundtable 2025

29 July 2025

NIMC Warns Nigerians Against Selling NIN Data

28 July 2025

NITRA-ALTON CNII & Sustainability Conference Now Holds August 7

28 July 2025

Diaspora Alumni’s Role In Nigeria’s Socio-Economic Development Tops Agenda At UNIZIK UK Alumni Reunion

25 July 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

Fagbemi, Maida Seek Unified Communications Regulation For Digital Growth

30 July 2025

Kaycee Orji Unveils Roxettes Plaza In Enugu, Declares Africa Ready To Compete

30 July 2025

Umunneochi Council Of PGs Decries “Ugly Trends” In Legislative Council, Calls For Peace

29 July 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG. Designed by Max Excellence LLC.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.