News
Alleged Corrupt Practices: World Bank sanctions AIM Consultants, MD
AIM Consultants Limited and its managing director, Amin Moussalli, have been sanctioned by the World Bank for alleged corrupt practices.
The firm, which was involved in the Nigeria Erosion and Watershed Management Project, was sanctioned for 52 months for improper payment of N12.95m to certain projects officials.
This was contained in a statement titled ‘World Bank Group Debars AIM Consultants Limited and its Managing Director’, which was published on the bank’s website on Wednesday.
The statement read in part, “The World Bank Group today announced the 52-month sanction of AIM Consultants Limited, a consultancy company based in Nigeria, and its Managing Director, Amin Moussalli, in connection with corrupt practices as part of the Nigeria Erosion and Watershed Management Project.
“The sanction consists of a 34-month debarment followed by an 18-month conditional non-debarment. The debarments make AIM Consultants and Moussalli ineligible to participate in projects and operations financed by the World Bank Group.”
The debarment was made after settlement agreements under which the company and Moussalli acknowledge their responsibility for the corrupt practices and agreed to meet specified corporate compliance conditions before the end of the debarment.
It added, “Following the initial debarment period, the sanction of AIM Consultants and Moussalli will convert to a conditional non-debarment. During this time, they will be eligible to participate in projects and operations financed by institutions of the World Bank Group as long as they comply with their obligations under the settlement agreement.
“Otherwise, the conditional non-debarment will revert to a sanction of debarment with conditional release, and the company and Moussalli then will become ineligible to participate in World Bank Group projects and operations until the conditions for release set out in the settlement agreement are met.”
It added, “The project aims to reduce vulnerability to soil erosion in targeted sub-watersheds. According to the facts of the case, during implementation of two World Bank-financed consultancy services contracts for the provision of engineering design and supervision works in Enugu and Cross River States in Nigeria, AIM Consultants made improper payments totaling N12,954,400 (approx. $45,500) to project officials.”
-
Society News4 years agoJamaican man beheads wife after finding out their 6 kids are not his
-
Society News6 years agoEXCLUSIVE: The Complete Story of Dolapo Awosika, John Fashanu and Prophet Kasali Sex Mess
-
News4 years agoPastor Osagie Ize-Iyamu, His Membership Of Secret Cult, And Other Issues Touching On His Public Credentials Examined by Barr. PATRICK I. BIOSE
-
News4 years agoBREAKING: Ajimobi’s daughter-in-law blast Gov. Makinde, says gov can’t surpass ex-Oyo gov
-
News4 years agoBREAKING: 2 arrested as NAF begins investigations into Tolulope’s death
-
Crime5 years agoExclusive: Female Aide Fingered In Oko Oloyun’s Murder + Banking Transactions That Nailed Husband
-
News4 years agoBREAKING: Police take over Edo House of Assembly as APC, Oshiomhole move to seize control
-
Society News5 years agoThe Rise and Fall of “Jumoke The Bread Seller”
You must be logged in to post a comment Login