N12.95m Bribe: World Bank Suspends Nigerian Firm, MD

The World Bank has sanctioned a Nigerian consultancy company, AIM Consultants Limited, and its Managing Director, Amin Moussalli, for alleged bribery and corruption.

The firm was involved in the Nigeria Erosion and Watershed Management Project.

It was sanctioned for 52 months for improper payment of N12.95m to certain project officials

This was contained in a statement titled ‘World Bank Group Debars AIM Consultants Limited and its Managing Director’.

 “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 acknowledged their responsibility for the corrupt practices and agreed to meet specified corporate compliance conditions before the end of the debarment.

“After the 34-month debarment, the firm and its MD will be able to participate in projects and operations financed by the World Bank Group as long as they comply with their obligations under the settlement agreement.

 “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.

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