AfDB debars four companies involved in alleged fraudulent, collusive practices

21st August 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Development finance institution, the African Development Bank, has announced the 24-month debarment of Sangtech International Services, Sangar & Associates (Nigeria), Mashad Integrated and Investment Co and Medniza Global Merchants.

All four companies are registered in Nigeria.

An investigation conducted by the bank’s Office of Integrity and Anti-Corruption established that the debarred companies allegedly 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 sanction renders the four companies ineligible to participate in AfDB-financed projects during the debarment period.

Additionally, the 24-month debarment qualifies for cross-debarment by other multilateral development banks, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group, under the Agreement for Mutual Recognition of Debarment Decisions.

The Zaria water supply expansion and sanitation project in Nigeria is co-financed by the African Development Fund, an entity of the AfDB.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION