BY Mary Ugbodaga
The African Development Bank (AfDB) has announced the debarment of four Nigerian companies over fraudulent and collusive practices.
In a statement on Thursday, the bank said the companies will be debarred for a period of two years.
The four companies are Sangtech International Services Limited; Sangar & Associates (Nigeria) Limited; Mashad Integrated and Investment Co. Limited; and Medniza Global Merchants Limited.
“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.,” the statement read.
“The sanction renders these companies 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 (ADB), the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.”
The bank’s office of integrity and anti-corruption which is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in its financed operations, had debarred some companies for similar issues earlier in the year.
Some of them include China Zhonghao Nigeria Limited for a period of 18 months, Beulah Universal Link Resources Limited for 36 months, and Bluestream Systems and Device Limited for 12 months.
In 2019, AfDB also blacklisted some companies operating in the country for fraud such as ALG Global Concept Nigeria Limited on January 23; and Lutoyilex Construct Limited in July, both for a period of 36 months.
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