AfDB Debars 4 Nigerian Companies over Fraudulent Practices in Contract Execution

August 20, 2020
37 Views
“The AfDB corporate headquarters, Abidjan

By Mustapha Sumaila

Abuja, Aug 20, 2020 (NAN) The African Development Bank Group (AfDB) has announced the debarment of four Nigerian registered companies for 24 months over fraudulent practices.

The AfDB’s Communications and External Relations Department made this known in a statement in Abuja on Thursday.

It disclosed that the companies were Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited.

The AfDB explained that an investigation conducted by the bank’s Office of Integrity and Anti-Corruption established that the debarred companies engaged in fraudulent and collusive practices.

It stated that the fraudulent acts were exhibited during a tender for the supply of water meters, automatic meters and house connection materials, under the Zaria Water Supply Expansion and Sanitation Project in Nigeria.

“The sanction renders Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited ineligible to participate in Bank-financed projects during the debarment period.

“Additionally, the 24-month debarment of the companies qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Recognition of Debarment Decisions.

“Others including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group,” the bank explained.

According to the statement, the Zaria Water Supply Expansion and Sanitation Project in Nigeria is co-financed by the African Development Fund, an entity of the African Development Bank Group.

(NAN)

You may be interested

What Mesut Ozil said after joining Fenerbahce from Arsenal
News
1 views
News
1 views

What Mesut Ozil said after joining Fenerbahce from Arsenal

admin - January 18, 2021

Arsenal striker, Alexandre Lacazette, has wasted little time in staking his claim to take Mesut Ozil’s soon-to-be-vacant No.10 shirt. Lacazette,…

School reopening: FG, state govts confused – Shehu Sani
News
2 views
News
2 views

School reopening: FG, state govts confused – Shehu Sani

admin - January 18, 2021

Private and public schools have resumed for the first and second term across Lagos State, DAILY POST reports. The federal…

COVID-19: Parents told not to send children to schools
News
1 views
News
1 views

COVID-19: Parents told not to send children to schools

admin - January 18, 2021

Olusegun Bamgbose, National Coordinator, Concerned Advocates for Good Governance, CAGG, has warned parents in the country against sending their children…

Leave a Comment

Your email address will not be published.