URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    urban express news logo
    What Northern Elders Demands In Reaction Against Edo Mob Killings, Issue Ultimatum
    March 29, 2025
    Tinubu’s Political Adviser, Hakeem Baba-Ahmed, Resigns
    April 4, 2025
    We Now Have Monitoring Spirits Inside Some Rivers Elders Against Wike-Olayinka Hits Ada George
    April 10, 2025
    Latest News
    Why ADC Coalition Will Be Decimated Before 2027-Buba Galadima
    September 16, 2025
    2027: Salvador, Ex-Senatorial Candidate of LP, Joins ADC In Lagos
    September 14, 2025
    APC Blasts Aregbesola Over Aso Rock, Lagos Takeover Comment, ‘Says From Landlord To Tenant
    September 14, 2025
    You Can’t Subdue the Institution- Sen Zam To Natasha On WhatsApp Group
    September 11, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: How World Bank Uncovers $32m Missing Funds In Nigeria’s Water Project
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Crime Lence > How World Bank Uncovers $32m Missing Funds In Nigeria’s Water Project
Crime LenceCrime ReportsDiscover

How World Bank Uncovers $32m Missing Funds In Nigeria’s Water Project

urbanexpresslive
Last updated: November 17, 2024 1:12 pm
urbanexpresslive
Share
1 Min Read
SHARE

Olusegun Ariyo

The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project.

This was disclosed in the bank’s recently released FY2024 Sanctions System Annual Report.

The 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 to operations the risk, which was associated with $32 million of unaccounted funds.”

In a move to recover the fund, the World Bank engaged with the project team, including Nigeria’s task team leader, operations manager, and financial management specialist.

As a recommendation, the Central Bank of Nigeria has asked to reimburse $22 million, while $6 million remains in the project account to cover anticipated operational expenses.

You Might Also Like

How EFCC Desperate To Execute Hatchet Job For Unknown Interest-Yahaya Bello

We Didn’t Reinstate Cybersecurity Levy On Nigerians-CBN Debunk Claims

Any Police officer Caught Meddling In Civil Matters, will Henceforth Face Sanction-PSC

We’ll Support Your Second Term Bid-Osun Assembly Endorse Gov Adeleke

Why Elon Musk Shares Video Promoting Benefits of International Trade

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Misinformation-Singer BNXN Denies Being Assaulted In South Africa
Next Article PM Modi Gets Second Highest Nigeria Honor As President Tinubu Confers Award
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

UCL: Why Kompany Reacts To Maresca’s Treatment of Sterling At Chelsea
Urban Sports September 17, 2025
EPL: Why Aina Vows To Bounce Back Stronger From Injury Setback
Urban Sports September 17, 2025
UCL Champions League for the Big Boys-McManaman  Slams Eze’s Performance Against Bilbao
Urban Sports September 17, 2025
Champions League: Very Satisfied-Alonso Singles Out Two Real Madrid Players After Marseille Win
Urban Sports September 17, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account