World Bank blacklists six Chinese companies in Nigeria for fraud

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Six Chinese companies in Nigeria including China Railway Construction (International) Nigeria Company Limited, has been blacklisted by the World Bank for fraud and corruption.

Other affected companies are; China Railway 18th Bureau Nigeria Engineering Company Limited, CCECC Nigeria Lekki (FTA) Company Limited, CCECC Nigeria Railway Company Limited, CRCC Petroleum & Gas Company Limited, and CCECC Nigeria Company Limited.

All the companies are very active in Nigeria, with ongoing or completed contracts for the construction of railways, highways, housing estates, airport terminals, municipal engineering, water resource, and hydro-power engineering projects for federal and state governments.

The World Bank announcement on its website accused the companies and several others around the world of violating the bank’s fraud and corruption policy.

Consequently, the six companies were debarred and declared ineligible to be awarded any World Bank-financed contracts for at least a year, between June 4, 2019 and March 3, 2020.




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