AfDB Sanctions Four Nigerian Firms Over Fraud

By: 'Dotun Akintomide
Cat:
Business

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African Development Bank (AFDB) group on Thursday announced it has sanctioned four Nigerian firms over fraudulent and collusive practices.

The bank made its decision to debar them for 24 months in a statement.

The firms include Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited.

They were sanctioned after an investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that they engaged in fraudulent and collusive practices.

This was in connection with 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.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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