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  • August 21, 2020

AfDB Sanctions Four Nigerian Firms Over Fraud

'Dotun Akintomide
Writer

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By Gbenga Abulude

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.

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