AfDB debars Nigeria’s Maxicare for collusive and fraudulent practices
Summary
The debarment relates to the Transport Facilitation Program for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor connecting Cameroon and Nigeria.
The African Development Bank (AfDB) on Wednesday announced that it has debarred Maxicare Company (Nigeria) Limited for a period of 36 months, effective from February 23, 2021.
According to the AfDB, an investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that the Nigerian company engaged in collusive and fraudulent practices during a tender for the construction of weigh stations and supply of equipment under the Transport Facilitation Program for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor connecting Cameroon and Nigeria.
The debarment renders Maxicare Company (Nigeria) Limited and its affiliates ineligible to participate in AfDB-financed projects during the debarment period. Additionally, the debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement 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.
AfDB said in a statement that, at the expiry of the debarment period, Maxicare will have to implement an integrity compliance program consistent with the Bank’s guidelines to be eligible to participate in its funded projects.
The Transport Facilitation Program for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor is aimed at increasing trade and strengthening cooperation generally between the countries of the Economic Community of Central African States and those of the Economic Community of West African States and between Cameroon and Nigeria in particular. It was co-financed by the African Development Fund, an entity of the African Development Bank Group.
Related
-
AfDB’s new 5-year strategy for Nigeria to tackle Covid-19 economic shocks
The 2020-2024 CSP has two key priority areas for Nigeria, namely infrastructure development and social inclusion through ...
-
What Ould Tah’s tenure at BADEA reveals about his AfDB candidacy
For the AfDB to remain credible in the evolving development finance environment, as it has successfully done under the ...
-
Tracking aid flows for early child development
259 foundations and 43 donor agencies invested $16 billion in ECD in East Africa since 2008.
Sustainable Development Section Sponsor
-
Access Bank Plc ...Financing the future
Most Popular
