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40% of African lack access to water

AfDB debars four Nigerian companies for collusion, fraud

By on August 21, 2020 0 137 Views

The continental development bank, African Development Bank (AfDB) said it has placed four Nigerian companies under 24-month debarment for fraudulent practices in the process of tendering for one of the bank’s projects.
The companies are Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited.

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

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The sanction, AfDB said would render 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, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.”

“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,” the statement said.

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