By Akinwande Soji-Ojo
World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices.
This was contained in a statement published on the bank’s website on Wednesday.
The firm, according to The PUNCH, was involved in the National Social Safety Nets Project, and was sanctioned for 50 months while the managing director was sanctioned for 60 months.
The statement read in part: “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.”
The World Bank said the firm and the managing director were sanctioned for improper payments made to certain project officials.