World
World Bank debars seven Nigerian companies and individuals over corruption
The World Bank has debarred five Nigerian firms and individuals for engaging in corrupt practices.
In addition, two Nigerian companies debarred by the African Development Bank (AfDB) were recognised by the World Bank under the cross-debarment policy, raising the number of debarments to seven.
A debarment renders firms/individuals ineligible to participate in projects and operations financed by institutions of the World Bank Group.
This is contained in the World Bank’s recent report titled ‘Sanctions System Annual Report for Fiscal Year 2022’.
The annual report covers the fiscal year 2022—from July 1, 2021, to June 30, 2022—and was prepared by the offices of the World Bank Group’s (WBG) sanctions system, which comprises the integrity vice-presidency (INT), the office of suspension and debarment (OSD), and the sanctions board and its secretariat.
According to the report, Salihu Tijani was debarred for three years and two months while Isah Kantigi was debarred for five years.
Amin Moussalli was debarred for two years and 10 months alongside a conditional non-debarment for one year and six months.
Conditional non-debarment means that a firm or individual remains eligible to participate in World Bank-financed projects as long as the firm/individual complies with certain sanction conditions.
The bank also debarred two firms – AIM Consultants Limited for two years and 10 months, and SoftTech IT Solutions and Services Ltd. for four years and two months.
The other two firms blacklisted by AfDB but recognised by the World Bank were Sargittarius Nigeria Limited, and Sargittarius Henan Water Conservancy Engineering Ltd. for a period of two years and six months each.
The bank said the report documents how, in a time of increasingly complex global challenges and historic development support by the World Bank Group, the offices of the sanctions system worked in the fiscal year 2022 (FY22) to help ensure that the WBG’s funds are used in a transparent and accountable manner and only for their intended purposes.
Speaking on the sanctions, David Malpass, World Bank Group president, said corruption has a “pernicious effect” on development and poses significant obstacles to the bank’s work to alleviate extreme poverty and boost shared prosperity.
“Among them, it diverts scarce resources from achieving the projects’ objectives, robbing the benefits of development from the people who need them most; it increases costs for the most vulnerable while reducing their access to services—including health, education, and justice; and it undermines the public’s trust in institutions, thereby weakening governance and rule of law and increasing fragility,” Malpass explained.
“At a moment when every available resource must be deployed for maximum impact, these ill effects of corruption can be especially damaging.
“For this reason, it is important to recognise the role of the Bank Group’s sanction system, which plays a significant part in our institution’s efforts to maintain oversight and accountability for the financing we provide.”
World
Former US President Bill Clinton hospitalised with fever
Bill Clinton, the former US president who has faced a series of health issues over the years, was admitted to hospital Monday in Washington after developing a fever, his office said.
“President Clinton was admitted to Georgetown University Medical Center this afternoon for testing and observation after developing a fever,” the 78-year-old’s deputy chief of staff Angel Urena said on social media platform X, adding Clinton “remains in good spirits.”
Bill Clinton was previously hospitalized for five nights in October 2021 due to a blood infection.
In 2004, at age 58, he underwent a quadruple bypass operation after doctors found signs of extensive heart disease. He had stents implanted in his coronary artery six years later.
The health scare motivated him to make lifestyle changes, including adopting a vegetarian diet, and he has since spoken publicly about his efforts.
Clinton’s health last made headlines in November 2022 when he tested positive for Covid-19. He said at the time that his symptoms were “mild” and he was “grateful to be vaccinated and boosted.”
Clinton, who led the United States for two presidential terms from 1993-2001, is the second-youngest living US president, after 63-year-old Barack Obama.
He was born mere months after fellow former US president George W. Bush and President-elect Donald Trump.
Though his prosperous time in office was marred by scandals, he has enjoyed a second life in the two decades after his presidency, which has seen him venture into numerous diplomatic and humanitarian causes.
World
Trump dismisses claims of handing presidency to Musk as ‘hoax’
Could Elon Musk, who holds major sway in the incoming Trump administration, one day become president? On Sunday, Donald Trump answered with a resounding no, pointing to US rules about being born in the country.
“He’s not gonna be president, that I can tell you,” Trump told a Republican conference in Phoenix, Arizona.
“You know why he can’t be? He wasn’t born in this country,” Trump said of the Tesla and SpaceX boss, who was born in South Africa.
The US Constitution requires that a president be a natural-born US citizen.
Trump was responding to criticism, particularly from the Democratic camp, portraying the tech billionaire and world’s richest person as “President Musk” for the outsized role he is playing in the incoming administration.
As per ceding the presidency to Musk, Trump also assured the crowd: “No, no that’s not happening.”
The influence of Musk, who will serve as Trump’s “efficiency czar,” has become a focus point for Democratic attacks, with questions raised over how an unelected citizen can wield so much power.
And there is even growing anger among Republicans after Musk trashed a government funding proposal this week in a blizzard of posts — many of them wildly inaccurate — to his more than 200 million followers on his social media platform X.
Alongside Trump, Musk ultimately helped pressure Republicans to renege on a funding bill they had painstakingly agreed upon with Democrats, pushing the United States to the brink of budgetary paralysis that would have resulted in a government shutdown just days before Christmas.
Congress ultimately reached an agreement overnight Friday to Saturday, avoiding massive halts to government services.
World
Seven confirmed dead in Western Mexico plane crash
At least seven people died when a light aircraft crashed Sunday in a heavily forested area of Jalisco in western Mexico, local authorities reported.
The aircraft, a Cessna 207, was flying from La Parota in the neighbouring state of Michoacan.
Jalisco Civil Protection said via its social media that the crash site was in an area that was difficult to access.
Initial authorities on the scene “reported a preliminary count of seven people dead,” who haven’t been identified yet, according to the agency.
“A fire was extinguished and risk mitigation was carried out to prevent possible additional damage,” it added.
Authorities said they were awaiting the arrival of forensic investigators to remove the bodies and rule out the presence of additional victims.
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