BREAKING: AFDB DEBARS NIGERIAN LABARAN AND COMPANY FOR FRAUD

In a statement, the bank said an investigation conducted by its Office of Integrity and Anti-Corruption established that ALG Global Concept and its Managing Director engaged in numerous fraudulent practices in bidding for a construction contract under the Agricultural Transformation Agenda Support Program 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 as well as by submitting false bid security.

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

According to the statement, 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.

The investigation by the Office of Integrity and Anti-Corruption of the African Development Bank was conducted by Ms. Esther Mhone and Mr. Justin Maenje.

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.

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

African Development Bank staff and the general public can use secured hotlines to report sanctionable practices within the Bank or operations financed by the Bank Group.

The Nation