AfDB suspends four Nigerian companies for fraudulent and collusive practices
The African Development Bank (AfDB) announced a 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 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 Sangtech International Services, Sangar & Associates (Nigeria), Mashad Integrated and Investment Co. and Medniza Global Merchants 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, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
The Zaria Water Supply Expansion and Sanitation Project in Nigeria is co-financed by the African Development Fund, an entity of the African Development Bank Group.
The Office of Integrity and Anti-Corruption 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.
