• Home
  • Top Stories
  • News
    • Photo News
  • Politics
  • Business
  • Crime & Security
  • Sports
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Facebook Twitter Instagram
Saturday, October 10
Facebook Twitter Instagram
Prompt News
  • Home
  • Top Stories
      Featured

      US jails Nigerian businessman 30 months for laundering $359,000

      Foreign News October 8, 2026
      Recent

      US jails Nigerian businessman 30 months for laundering $359,000

      October 8, 2026

      Alli condemns attacks on Oyo APC candidates, warns Makinde, Adekanmbi

      October 8, 2026

      Ashibogwu Tutors Online Publishers On Monetising Digital Media

      October 7, 2026
    1. News
      1. Photo News
      Featured

      Intimate Affairs: When a woman padlocks her honey jar, by Funke Egbemode

      News October 10, 2026
      Recent

      Intimate Affairs: When a woman padlocks her honey jar, by Funke Egbemode

      October 10, 2026

      Prosecute Okowa, Yahaya Bello Now Over Alleged Corruption, HURIWA Tells EFCC

      October 10, 2026

      2027: Ayandele slams Makinde’s Commissioner, says Ibarapa will deliver massive votes for APC

      October 9, 2026
    2. Politics
        Featured

        EPL: Arsenal rally to beat Leeds United in thrilling Emirates comeback

        Politics October 10, 2026
        Recent

        EPL: Arsenal rally to beat Leeds United in thrilling Emirates comeback

        October 10, 2026

        2027: APC, Tinubu’s 30-Day Petrol Discount Is Tokenism, Deceit – NDC

        October 9, 2026

        Oyo APC candidate alleges attacks on wife, two aspirants

        October 9, 2026
      1. Business
          Featured

          World Bank Urges States to Prioritise Better Jobs, Human Capital, Services Amid 93% Revenue Rise

          Business October 9, 2026
          Recent

          World Bank Urges States to Prioritise Better Jobs, Human Capital, Services Amid 93% Revenue Rise

          October 9, 2026

          EHA Impact Ventures Helps Moppet Foods Launch Operational Biodigester, Cutting Emissions Across Its Lagos Factory

          October 7, 2026

          NNPCL 2025 AFS: The Numbers Tell a Story of Transformation

          October 7, 2026
        1. Crime & Security
            Featured

            Fear as kidnappers abduct teacher, two others in community

            Crime & Security October 10, 2026
            Recent

            Fear as kidnappers abduct teacher, two others in community

            October 10, 2026

            Freed NYSC abductees offered South-West postings after N6m ransom

            October 10, 2026

            Four arrested as farmer-herder clash claims life

            October 10, 2026
          1. Sports
              Featured

              2028 Olympics Qualifiers: Eguavoen applauds Super Falcons’ victory over Comoros

              Sports October 10, 2026
              Recent

              2028 Olympics Qualifiers: Eguavoen applauds Super Falcons’ victory over Comoros

              October 10, 2026

              LA 2028 Qualifiers: Kenya Spell Seychelles As Zambia bite dust

              October 9, 2026

              2028 Olympics Qualifiers: Super Falcons secure 2-0 win over Comoros

              October 9, 2026
            1. Intimacy
            2. About Us
              • Contact Us
              • Privacy Policy
              • Advert Rate
            3. More
              • Opinion
              • Lifestyle & Entertainment
              • Foreign News
              • Health
            Prompt News
            Home » 10 Corrupt Firms Get Red Card From Doing Business In Nigeria
            Business

            10 Corrupt Firms Get Red Card From Doing Business In Nigeria

            techBy techJuly 16, 2013No Comments3 Mins Read
            Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
            Share
            Facebook Twitter LinkedIn Pinterest Email

            BPP DG, Ezeh

            Determined to sanitize the business environment in the country, the Federal Government has barred 10 companies from doing business in the country. The companies have been found wanting in the list of corrupt contractors.

            The Director General of the Bureau of Public Procurement (BPP), Emeka Ezeh, who disclosed this in Abuja, at a one- day stakeholders’ workshop on the presentation of debarment procedure, said the proactive action taken was aimed at ensuring effective implementation of the Public Procurement Act 2007.

            “For the successful implementation of the public procurement Act 2007, the bureau has developed a debarment procedure after other international good practices that currently exist elsewhere across the globe.

            “The proposed debarment procedure is one of the mechanisms developed by the bureau, to punish procurement related corrupt activities and inculcate the required discipline in Nigeria’s public procurement system,” he said.

            Justifying further the debarment procedure, the DG noted it will encourage doing business in line with international best practices.

            The debarment or sanctions are usually placed on companies doing businesses without recourse to due process, or for encouraging bribery and corruption in procurement processes, which negate the rules, as enshrined in Nigerian Procurement Act of 2007.

            “If you violate any provisions of the Public Procurement Act 2007, if one offers bribe and generally misrepresents facts and lies about his capability, with a view to changing the outcome of the procurement process, one is liable to sanctions, Ezeh said”.

            According to him, the U.S. debarment process was among the oldest, adding that countries like Kenya, South Africa, Malawi, Tanzania, Turkey, Uganda, Zimbabwe, United Kingdom, Bangladesh , Denmark and Senegal, among others have also established their own systems.

            He also recalled, “In 2007, Nigeria also adopted cross-debarment system in the case of Messrs Lahmeyer International, which was debarred by the World Bank. Therefore, what the bureau is trying to implement is not new, as it already exists in other climes where the public procurement law has been implemented”.

            With this debarment, the 10 companies will not be allowed do business in the country, according to their years of debarment, in addition to other sanctions that may follow. A breakdown of the barred companies shows 10 were barred by the World Bank and the remaining three by the Inter-American Development Bank Group.

            The affected companies are Scientific Energy and Environmental Management System of 23B Ijora Drive, MKO Gardens, Alausa, Ikeja, Lagos, debarred from June 17, 2013 to June 17, 2015; SNC Lavalin, C/O Aluko Oyebode, 35 Moloney Street, Lagos debarred from May 7, 2013 to April 17, 2023; Sego Ventures, 17B Canery Drive, MKO Gardens, Lagos, debarred from June 3, 2011 to August 1, 2013.

            Others are: Gurpreet Singh Malik, Lagos, permanently debarred since February 11, 2000. Kamal Sharda, Lagos, Sharda Impex (U.K), Lagos, Shereena Agriculture Ltd, Kano, Vikram Deepak Gursahaney, Lagos, has also been permanently debarred from February 11, 2000. Karitex Ltd was permanently debarred from February 24, 2000; and Contransimex Nig Ltd barred from May 30, 2012 to May 29, 2014.

             

             

            Lagos World Bank
            Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
            Previous Article14 Years After, Major Al-Mustapha Back in The Army
            Next Article Governance And Kano/Abia’s Paradigm Shifts – Emmanuel Onwubiko
            tech

              Related Posts

              World Bank Urges States to Prioritise Better Jobs, Human Capital, Services Amid 93% Revenue Rise

              October 9, 2026

              EHA Impact Ventures Helps Moppet Foods Launch Operational Biodigester, Cutting Emissions Across Its Lagos Factory

              October 7, 2026

              NNPCL 2025 AFS: The Numbers Tell a Story of Transformation

              October 7, 2026
              Add A Comment

              Comments are closed.

              Recent Posts
              • EPL: Arsenal rally to beat Leeds United in thrilling Emirates comeback
              • 2028 Olympics Qualifiers: Eguavoen applauds Super Falcons’ victory over Comoros
              • Fear as kidnappers abduct teacher, two others in community
              • Freed NYSC abductees offered South-West postings after N6m ransom
              • Four arrested as farmer-herder clash claims life

              CONTACT INFORMATION

              Prompt News Online is published by PNO Dynamic Media Limited.

              Address: Suite 24, Abebi Plaza, Oluseyi, Sango – Eleyele Road, Ibadan, Oyo State, Nigeria.

              Managing Editor/CEO: Akeem Oyetunji

              Email: promptnewsonline@gmail.com or editor@promptnewsonline.com

              Phone/WhatsApp: +234806 286 2057
              Or 0805 386 6284

              ABUJA OFFICE: 
              Address: Suite D76, EFAB Mall
              Off Gimbya Street, Area 11, Garki, Abuja
              ABUJA BUREAU EDITOR: Harry Awurumibe
              Phone: 0803 302 4300
              Email: harryawurumibe360@gmail.com
              UK OFFICE:
              Address: 34 Skipper Court,
              Abbey Road, IG 11 7GW.
              Barking, London, UK.
              EDITOR EUROPE: Bolaji Oyegunle
              Phone +447878196776
              Email: gb10oyegunle@gmail.com
              © 2026 Prompt News Online. Designed by DeedsTech.
              • About Us
              • Contact Us
              • Advert Rate
              • Privacy Policy

              Type above and press Enter to search. Press Esc to cancel.