SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions firm, and its Managing Director, Mr Isah Kantigi, have been sanctioned by the World Bank for suspected fraudulent conduct.
The business was sanctioned for 50 months for its participation in the National Social Safety Nets Project, while the managing director was sanctioned for 60 months.
This was said in a statement titled “World Bank Group debars SoftTech IT Solutions and Services Ltd. and its managing director,” which was posted on the bank’s website on Wednesday.
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.