Category Archives: World Bank

World Bank disowns fraudulent co-operative scheme

By Babajide Komolafe The World Bank has dissociated itself from a multi-purpose co-operative scheme advertised in some parts of the country. In a fraud alert issued last week and titled: “World Bank warns of Co-operative scheme scam”, the bank stated: “The World Bank’s attention has been drawn to a fraudulent multi-purpose, co-operative scheme being advertised in […]

World Bank ranks Edo high on transparency, job creation

The World Bank Implementation Support Team, monitoring the implementation of State Employment and Expenditure for Results (SEEFOR) projects in the Niger Delta region, has ranked Edo State high on transparency and job creation for youths. The leader of the support team, Mr. Ismaila Ceesay, who led his members on a courtesy visit to the Governor […]

Why we approached World Bank for $350m loan—Ogun govt.

The Ogun government on Monday explained why it approached the World Bank to secure a $350 million loan. The state Commissioner for Budget and planning, Mrs Aderenle Adesina, and her counterparts in Ministries of Education, Agriculture and Commerce and Industry at a press conference in Abeokuta, ‎also dismissed claims that the House of Representatives Committee […]

FG, World Bank tackle stunting in 12 states

TWELVE states are being targeted for reduction of stunting under a Federal Government and World Bank partnership to  address malnutrition in Nigeria. The Minister of Health, Prof. Isaac Adewole stated in Abuja at a high level Consultative Meeting with State Governments on Accelerating Nutrition Results in Nigeria, that the project would be financed by the […]

World Bank offers partnership with LAWMA on waste mgt

By Olasunkanmi Akoni lagos—World Bank has expressed its readiness to partner with Lagos Waste Management Authority, LAWMA, in executing projects that would lead to cleaner and healthier environment in the state. Speaking during a recent visit to LAWMA, the leader of the World Bank team, Mr. Joseph Akpokodje said the purpose of their visit was […]

World Bank clarifies role in spending of Abacha loot

Dr. Jim Yong Kim, President World Bank Group has clarified the role played by the Bank in the spending of recovered loot by the late General Sani Abacha, insisting that it played only a limited role, as “the funds were returned directly from Switzerland to the Nigerian government.” World-Bank-President, Jim Yong Kim The Bank was […]