AfricaBusinessCrime & SecurityChinese Firm in Nigeria for Fraud by the AFDB
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...










