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Six Chinese companies operating and Constructing Railways Projects in Nigeria blacklisted by the World Bank over alleged corruption

Six Chinese companies operating and Constructing Railways Projects in Nigeria blacklisted by the World Bank over alleged corruption

Breaking News, Business
August 20, 2019 Six Chinese companies operating in Nigeria have incurred the wrath of the World Bank as they have been blacklisted over alleged fraud and corruption. A publication on the the website of the bank listed the companies as CCECC Nigeria Railway Company Limited, CRCC Petroleum and Gas Company Limited and CCECC Nigeria Company Limited. Others are China Railway Construction (International) Nigeria Company Limited, China Railway 18th Bureau Nigeria Engineering Company Limited and CCECC Nigeria Lekki (FTA) Company Limited. They are part of several companies blacklisted from different parts of the world by the procurement unit of the bank, in a publication titled ‘Procurement – World Bank Listing of Ineligible Firms and Individuals’. They were accused of violating the...