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World Bank Blacklists Six Lebanese, Nigerian Firms For Fraud
Six Lebanese companies, some Nigerian contracting firms and individuals indicted for fraud and corruption in 2020 have been blacklisted by the World Bank.
The individuals and companies were blacklisted after the Bank Group’s Sanctions Board indicted them of various “fraudulent and collusive practices” considered as infractions to established regulations and breaches of its contract and consultancy procedures.
Consequently, the affected individuals and companies would be ineligible to participate in the award of any World Bank-financed contracts or consultancy services by any of the affiliated multilateral development banks (MDBs) between December 18, 2020 and March 17, 2025.
The affected companies include Abou Ghazaleh Contracting Nigeria Limited; A.G. Vision Mining Limited; Infratech Construction Nigeria Limited; Top Field Construction Nigeria Limited; Verdun Construction Nigeria Limited; Lugio Global Construction Services Limited and A.G. Vision Construction Nigeria Limited.
The list of the affected individuals, who are also the controlled affiliates of the indicted companies include, Elie Abou Ghazaleh, the Managing Director and Fadi Abou Ghazaleh, Executive Director of the Lebanese company.
Details of the indictment are contained in the list of debarred individuals and companies published by the World Bank on its website.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
