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AFDB Debars Four Nigerian Companies Over Fraud

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The African Development Bank (AfDB) has debarred four Nigerian companies from participating in AfDB contracts after an investigation found them guilty of fraudulent practices.

Sangtech International Services Limited, Sangar and Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited, all registered in Nigeria have been debarred for twenty-four months by the African Development Bank Group (AfDB) over fraudulent and collusive practices during a tender for the supply of water meters, automatic meters, and house connection materials under a Zaria Water Supply Expansion and Sanitation project executed in Kaduna, northern Nigeria.

The AfDB announced that an investigation conducted by its Office of Integrity and Anti-Corruption established that the debarred companies had been involved in fraud and that the sanction renders the four companies “ineligible to participate in bank-financed projects during the debarment period.”

Additionally, the pan-African development financial institution said, “the 24-month debarment of the (Nigerian) 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.”

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