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World Bank, AfDB blacklist Nigerian firms

The World Bank and the African Development Bank (AfDB) are reported to have blacklisted 15 Nigerian firms doing businesses with them.

They also blacklisted nine Nigerians for various forms of procurement malpractices.

AfDB had announced the debarment of a construction company (name withheld) registered in Nigeria. The company’s managing director was also debarred for 36 months beginning from May 5, 2019 to May 13, 2022.

The bank said that an investigation conducted by its Office of Integrity and Anti-Corruption established that the Nigerian firm like the 14 others already

sanctioned by it, engaged in fraudulent practice while bidding for a construction contract under the Agricultural Transformation Agenda Support Programme Phase One in Nigeria (ATASP-1).

ATASP-1 is financed under the African Development Fund administered by the African Development Bank Group.

“While participating in a tender for the construction of social infrastructure in Niger State, the company, misrepresented its experience in conducting similar construction contracts,” the AfDB said.

More

https://leadership.ng/2019/07/17/wbank-afdb-blacklist-15-nigerian-companies-9-individuals/

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