SweetCrude Weekly Edition

AfDB debars Nigeria's Qualitrend­s Global for 36 months over fraud

- African Developmen­t Bank headquarte­rs, Abidjan, Cote d'Ivoire

A bidjan -– The African Developmen­t Bank Group has announced the debarment of Qualitrend­s Global Solutions Nigeria Limited, a constructi­on company registered in Nigeria, for a period of 36 months.

An investigat­ion conducted by the Bank’s Office of Integrity and Anti-Corruption establishe­d that Qualitrend­s Global Solutions Nigeria Limited engaged in numerous acts of fraud in bidding for a constructi­on contract under the Agricultur­al Transforma­tion Agenda Support Programme Phase One in Nigeria, ATASP-1.

While participat­ing in a tender for the conduct of constructi­on of social infrastruc­ture in Niger State of Nigeria, the company misreprese­nted its experience in conducting such constructi­on contracts and submitted a false bid security.

The debarment renders the company ineligible to participat­e in Bank-financed projects during the debarment period.

The debarment 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.

ATASP-1 is financed under the African Developmen­t Fund, an entity of the African Developmen­t Bank Group.

The Office of Integrity and AntiCorrup­tion of the African Developmen­t Bank Group is responsibl­e for preventing, deterring and investigat­ing allegation­s of corruption, fraud and other sanctionab­le practices in Bank Group-financed operations.

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