A Nigeria-based civil engineering firm, China Zhonghao Nigeria has been sanctioned by the African Development Bank (AFDB) for fraudulent activities.
The firm was suspended from participating in executing projects financed by the bank, following an investigation conducted by the bank’s Office of Integrity and Anti-Corruption which uncovered that China Zhonghao as part of a joint venture with Oceanic Construction, was culpable in its joint venture partner’s fraudulent claims.
According to the statement by the AFDB the fraudulent claims include “misrepresentation of its year of incorporation, the value of its reference contracts, and the experience of its key personnel, while bidding for two tenders under the Bank-financed Urban Water Supply and Sanitation Improvement Project in Nigeria.”
The AFDB said that in 2019, Oceanic Construction Engineering Nigeria Limited was debarred for related fraudulent practices.
The bank added that China Zhonghao Nigeria Limited and its affiliates are debarred for 18 months. During the period of the ban, the firm is prohibited from bidding for projects financed by the AFDB and other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions.
After the sanction period, the firm will only qualify to participate in projects financed by the bank on condition that it implements an integrity compliance program consistent with the bank’s guidelines, the AFDB said.
- PHOTOS: After 48 Days in Hospital, Boy Labelled Witch and Abandoned is Discharged - August 8, 2021
- Travellers Complain Over Fly Infested Aminu Kano Airport - August 6, 2021
- Ondo 2020: Mimiko Criticises Akeredolu’s Performance - September 28, 2020