World Bank Raises Concern Over $32 Million ‘Unaccounted’ Funds In Nigeria’s Water Project

World Bank Raises Concern Over $32 Million ‘Unaccounted’ Funds In Nigeria’s Water Project …C0NTINUE READING HERE >>>

The World Bank has raised concerns over $32m in unaccounted funds from a Nigerian water sector project, sparking fears of embezzlement and mismanagement.

According to the FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (INT) discovered the discrepancies following a forensic review of the project’s financial records.

The funds, originally allocated to improve water infrastructure in Nigeria, were not properly accounted for, prompting the Bank to intervene…

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