The firm and its managing director were sanctioned for making unlawful payments to project officials.
The firm, which was participating in the National Social Safety Nets Project, was sanctioned for 50 months while the managing director was sanctioned for 60 months.
The World Bank Group debars SoftTech IT Solutions and Services Ltd. and its managing director, according to a statement posted on the bank’s website on Wednesday.
The statement reads in part; “The World Bank Group today announced the 50-month debarment of SoftTech IT Solutions and Services Ltd., an information technology solutions company based in Nigeria, and the 60-month debarment of its managing director, in connection with corrupt practices as part of the National Social Safety Nets Project in Nigeria.
“The debarments make SoftTech and Isah Kantigi, a Nigerian national, ineligible to participate in projects and operations financed by the World Bank Group.”
Copyright: News Central TV
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.