Tag: Water projects

World Bank uncovers $32m ‘missing funds’ in Nigeria’s water project

Aminu Imam
W'Bank on water projects

The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. The report, disclosed in the banks’ recently released ‘FY2024 Sanctions System Annual Report’, showed that the missing funds were intended to bolster water infrastructure in Nigeria but were not adequately accounted for, prompting an intervention to safeguard the project’s integrity. “INT followed up on risks identified regarding a project in Nigeria’s water sector and flagged the operations, which was associated with $32 million of unaccounted funds”, stated the report. In a move to recover the fund,…

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Water projects: Kaduna, Ekiti, 5 others to benefit from $700m World Bank loan

Aminu Imam

The Federal Government has disclosed that seven states will benefit from the first tier of the $700 million World Bank loan for specific water projects. The States are Kaduna, Bauchi, Delta, Ekiti, Imo, Katsina and Plateau. This was made known on Thursday by the water resources minister, Suleiman Adamu at the weekly ministerial press briefing organised by the presidential communication team at the presidential villa, Abuja. The World Bank in May approved a $700 million credit facility that will help deliver improved Water, Sanitation and Hygiene (WASH) services to 2,000…

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