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Corruption: Like AfDB, World Bank blacklists 58 Nigerian firms, individuals
Corruption: Like AfDB, World Bank blacklists 58 Nigerian firms, individuals
The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and operations.
Among those affected are 39 Nigerian companies previously debarred by the African Development Bank (AfDB), along with 19 individuals identified by the World Bank under the cross-debarment policy.
The total number of debarments now stands at 58, rendering the implicated entities ineligible to participate in projects and operations financed by institutions of the World Bank Group.
The list which the World Bank updates every three hours, contains a total of 1,210 companies and individuals globally at the time of this report.
A debarment renders firms/individuals ineligible to participate in projects and operations financed by institutions of the World Bank Group.
According to the World Bank report, the sanctions were imposed following an administrative process conducted by the Bank, which allowed the accused firms and individuals to respond to the allegations. This process adhered to the Bank’s procedures for sanctions proceedings and settlements in bank-financed projects.
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“Through July 2007, this process was conducted in accordance with the Sanctions Committee Procedures adopted on August 2, 2001. The process is currently conducted in accordance with Bank Procedure: Sanctions Proceedings and Settlements in Bank Financed Projects. For more information on the two-tier sanctions process go to Sanctions,” it stated in the report.
Cross-debarment in accordance with the Agreement for Mutual Enforcement of Debarment Decisions dated 9 April 2010, which, as of July 1, 2011, has been made effective by the World Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and African Development Bank.”
In addition to debarment, the Bank reserves the right to apply other actions to firms and individuals found in violation of its policies, which may not necessarily result in debarment.
The prohibited conduct leading to debarment is defined in the applicable Procurement or Consultant Guidelines, as well as in the World Bank Procurement Regulations for Investment Project Financing Borrowers. The specific guidelines may vary depending on the nature of the project in question.
The World Bank’s actions underscore its commitment to combating corruption and promoting accountability in development projects, ensuring that funds are used effectively for the benefit of the people.
Corruption: Like AfDB, World Bank blacklists 58 Nigerian firms, individuals
News
Nigeria, Saudi Arabia Seal New Defence Cooperation Deal to Boost Security
Nigeria, Saudi Arabia Seal New Defence Cooperation Deal to Boost Security
The Federal Government of Nigeria and the Kingdom of Saudi Arabia have signed a new Memorandum of Understanding (MoU) aimed at strengthening defence and military cooperation between both nations.
According to a statement issued by Ahmed Dan Wudil, Special Assistant on Media to the Minister of State for Defence, the agreement establishes a framework for strategic collaboration in key areas including military training, intelligence sharing, defence production, joint operations, and broader security development initiatives.
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The pact was signed on behalf of Nigeria by the Minister of State for Defence, Dr. Mohammed Bello Matawalle, while Dr. Khaleed H. Al-Biyari represented the Government of Saudi Arabia.
The statement described the MoU as a major milestone in strengthening Nigeria–Saudi Arabia defence relations, enhancing cooperation on emerging threats, and improving collective capacity to manage evolving security challenges.
The Defence Ministry expressed optimism that the partnership will support existing efforts to combat insecurity across parts of the country. It added that the collaboration underscores Nigeria’s commitment to building strong international alliances in pursuit of national and regional stability.
Nigeria, Saudi Arabia Seal New Defence Cooperation Deal to Boost Security
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BREAKING: Senate Approves Tinubu’s Request to Deploy Nigerian Troops to Benin
BREAKING: Senate Approves Tinubu’s Request to Deploy Nigerian Troops to Benin
The Nigerian Senate has granted President Bola Tinubu approval to deploy Nigerian troops to the Republic of Benin as part of a regional peacekeeping mission aimed at stabilising the neighbouring country after a recent failed coup attempt.
The Senate said the decision was necessary to safeguard democracy in Benin and prevent a potential influx of refugees through the Nigeria–Benin border should instability escalate.
President Tinubu’s request, contained in a letter dated 8 December 2025, was read during Tuesday’s plenary by Senate President Godswill Akpabio. The President hinged the deployment request on Section 5(5) of the Nigerian Constitution, which empowers him to seek legislative approval for external military engagement.
When Akpabio subjected the motion to a voice vote, senators unanimously endorsed the request, giving the President full backing to proceed with the mission.
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Akpabio explained that the deployment was made at the formal request of the Benin Republic government, which sought Nigeria’s assistance in restoring stability following a brief takeover attempt by renegade soldiers.
The crisis erupted on Sunday when a group of soldiers announced that they had overthrown President Patrice Talon’s democratically elected government. The coup was swiftly neutralised by Beninese authorities, with the soldiers arrested within hours of their broadcast.
In response to the attempted takeover, President Tinubu had earlier deployed Nigerian military fighter jets in support of Benin’s loyalist forces, helping to secure critical national assets and reinforce regional defence obligations.
The Senate’s approval now provides constitutional backing for the continuation of Nigeria’s military involvement in Benin, marking a significant step in West Africa’s ongoing efforts to counter unconstitutional changes of government.
BREAKING: Senate Approves Tinubu’s Request to Deploy Nigerian Troops to Benin
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BREAKING: Tinubu Seeks Senate Approval to Deploy Nigerian Troops After Benin Coup Attempt
BREAKING: Tinubu Seeks Senate Approval to Deploy Nigerian Troops After Benin Coup Attempt
President Bola Ahmed Tinubu has formally requested the approval of the Nigerian Senate to deploy Nigerian troops to the Republic of Benin following the recent failed coup attempt in the neighbouring country.
The request, conveyed in a letter read by Senate President Godswill Akpabio during Tuesday’s plenary, was made pursuant to Section 5(5) of the 1999 Constitution (as amended), which mandates Senate consent for external combat deployment. Tinubu said the move followed an official plea from the Beninese government after its security apparatus came under threat.
According to the President, the deployment aligns with Nigeria’s longstanding “ties of friendship and brotherhood” with Benin and reflects the nation’s commitment to regional peacekeeping, stability, and democratic governance in West Africa.
Coup Attempt in Benin and Nigeria’s Response
The crisis erupted when soldiers under the banner of the Military Committee for Refoundation, led by Lt. Col. Pascal Tigri, seized the state television station in Cotonou and announced the overthrow of President Patrice Talon. They declared the dissolution of state institutions and closure of borders.
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In response to a direct request from Benin, Nigeria swiftly deployed fighter jets and ground forces to assist loyalist troops in retaking key installations. The intervention, supported by the ECOWAS Standby Force, helped dislodge the mutineers and restore constitutional order.
Benin’s government later confirmed that the coup attempt had been foiled, with several of the plotters fleeing. The incident occurred as the country prepares for its April 2026 presidential election, sparking renewed concerns about political stability across the sub-region.
Senate Debate and Regional Implications
Tinubu’s request has stirred debate among legal analysts and political commentators. While supporters argue that the President acted within constitutional limits due to the urgency of the situation, critics question whether deploying troops abroad without prior approval is permissible under Nigerian law.
The unfolding situation carries significant implications for ECOWAS security, Nigeria’s leadership role in West Africa, and future responses to rising instability across the region. With multiple coups in neighbouring nations in recent years, the swift action in Benin is seen as a renewed effort to deter unconstitutional power grabs.
The Senate is expected to formally deliberate on the President’s request within the constitutionally required timeframe.
BREAKING: Tinubu Seeks Senate Approval to Deploy Nigerian Troops After Benin Coup Attempt
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