World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solution company, and its Managing Director, Isah Kantigi, for alleged corrupt practice.
This was disclosed in a statement titled ‘World Bank Group debars SoftTech IT Solutions and Services Ltd. and its managing director.’
The firm, which was involved in the National Social Safety Nets Project, was debarred for 50 months while the managing director was sanctioned for 60 months.
Join Our WhatsApp Channel for Exclusive Stories, News Reports, and Engaging Content. {Click Here}
ALSO READ: Qatar 2022: Senate to probe why Black Stars defeated Super Eagles
“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 statement partly read.
SoftTech and Mr. Isah Salihu Kantigi, are now ineligible to engage in World Bank Group-funded projects and operations.
According to the World Bank, the debarments are the result of settlement agreements in which the corporation and Mr Kantigi acknowledge their responsibility for the underlying sanctionable conduct.
Under the Agreement for Mutual Enforcement of Debarment Decisions, which was signed on April 9, 2010, Mr. Kantigi’s and SoftTech’s debarments are both eligible for cross-debarment by other multilateral development banks (MDBs).
Any affiliate that Mr. Kantigi or SoftTech controls, directly or indirectly, will also be obliged to create a Code of Conduct and corporate ethics training program, according to the World Bank.
