The African Development Bank Group on Thursday announced it has banned four Nigerian registered companies for 24 months, from its funded projects, for involvement in fraudulent and collusive practices.
The four companies include Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited, and Medniza Global Merchants Limited.
The Bank’s Office of Integrity and Anti-Corruption had investigated to establish 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 Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited, and Medniza Global Merchants Limited 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.
