AfDB Debars Four Nigeria Companies For Fraudulent Practices
The African Development Bank Group 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 meter, automatic meters, and house connection materials, under the Zaria Water Supply Expansion and Sanitation Project in Nigeria.
It said, “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-finance projects during the debarred period.
“Additionally, the 24 months 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.”
According to the statement, the Zaria Water Supply Expansion and Sanitization Project in Nigeria is co-financed by the African Development Fund, an entity of the African Development Bank Group.
