Amin moussalli biography of donald
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Get instant alerts, breaking headlines, and exclusive stories with the Punch News App. Moussalli. $45,500) to project officials.”
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Moussalli), in connection with corrupt practices as part of the Nigeria Erosion and Watershed Management Project.
The sanction consists of a 34-month debarment followed by an 18-month conditional non-debarment. They are the result of settlement agreements under which the company and Engr. This constitutes a corrupt practice under the World Bank’s Consultant Guidelines.
The $908 million World Bank-funded project was designed to reduce vulnerability to soil erosion in targeted sub-watersheds in Nigeria.
Following the 34-month debarment period, the sanction of AIM Consultants and Moussalli will convert to an 18-month conditional non-debarment.
As part of the settlement, Moussalli committed to undertaking corporate ethics training that demonstrates a commitment to personal integrity and business ethics.
After the 34-month debarment, the firm and its MD will be able to participate in projects and operations financed by the World Bank Group as long as they comply with their obligations under the settlement agreement.
It added, “Following the initial debarment period, the sanction of AIM Consultants and Moussalli will convert to a conditional non-debarment.
AIM Consultants Boss, Amin Mousalli banned by World Bank for fraud, corruption
Amin Moussalli, Founder and Chief Executive Officer of AIM Consultants, a construction and communications firm and owners of Cool Fm, Wazobia Fm, Nigeria Info, Arewa Radio, Cool TV and Wazobia TV, has joined the growing list of Nigerian CEOs whose firms have been banned by World Bank from participating in projects and operations financed by it.
According to TheWillNigeria, Amin was handed a 34-month ban for making improper payments to the tune of $45,000, about N13 million, to project officials during the implementation of two World Bank financed consultancy services contracts costing $908 million.
Download now and never miss a beat. In addition, any affiliate that Engr. His wife’s grandfather migrated to Nigeria from Lebanon. Moussalli and of AIM Consultants both qualify for cross-debarment by other multilateral development banks (MDBs) under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.
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Nigerians can now invest ₦2.5million on premium domains and profit about ₦17-₦25Million. As conditions for release from sanction under the terms of the settlement agreements, Engr. Mousalli came to Nigeria from the United States of America in 1976 when his wife wanted to spend Christmas with her parents.
Amin allegedly made the transfer to the personal account of two resident engineers for onward transfer to various project officials, an act that constitutes a corrupt practice under the World Bank’s Consultancy Guidelines.
After the 34-month ban ends, the sanction will be converted to an 18-month conditional restoration, if he still wants to continue to be a consultant.
Amin Moussalli authorized all the payments. US$45,500) to project officials. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. According to the facts of the case, during implementation of two World Bank-financed consultancy services contracts for the provision of engineering design and supervision works in Enugu and Cross River States in Nigeria, AIM Consultants made improper payments totaling Nigerian naira 12,954,400 (approx.
Moussalli or AIM Consultants controls, directly or indirectly, will be required to similarly implement appropriate integrity compliance measures. Moussalli then will become ineligible to participate in World Bank Group projects and operations until the conditions for release set out in the settlement agreement are met.
The project aims to reduce vulnerability to soil erosion in targeted sub-watersheds.
This won’t be the first time Amin and one of his companies will be in the eye of the storm for alleged sharp practices.
In 2015, his confectionery shop, Chocolate Royale, was shut down by the National Agency for Food and Drug Administration and Control over the use and storage of expired and dangerous products to prepare food and confectioneries for the unsuspecting public to buy, as alleged.