A Nigerian information technology solution company, SoftTech IT solution and Services Ltd., and its Managing Director, Mr. Isah Kantigi have been suspended by the World Bank for allegedly being involved in fraudulent acts.
The firm was sanctioned for 50 months while the Managing Director was sanctioned for 60 months as contained in a statement titled “World Bank Group debar SoftTech IT Solutions and Services Ltd and its Managing Director”
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The statement which was published on the World Bank website on Wednesday read;
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 debarments make SoftTech and Mr. Isah Kantigi, a Nigerian national, ineligible to participate in projects and operations financed by the World Bank Group.”
According to World Bank, the firm and the Managing Director were sanctioned for inappropriate payments made to particular project officers.
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