Page 2 - Maxicare Company Nigeria News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Views: Visits 48 The African Development Bank (AfDB) has moved to punish a Nigerian Company for being entangled in fraudulent practices, handing them a debarment of three years. The affected company, Maxicare Company Nigeria Limited, a limited liability company registered with the Corporate Affairs Commission, got a 36-month debarment from the AfDB on April 28, 2021, effective February 23. The AfDB debarment renders Maxicare Company Limited and its affiliates ineligible to participate in Bank Group-financed projects during the debarment period. According to News Chronicle, the AfDB’s Office of Integrity and Anti-Corruption conducted an investigation, establishing that the Nigerian company engaged in collusive and fraudulent practices during a tender for the construction of weigh stations and supply of equipment under the Transport Facilitation Programme for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor connecting Cameroon and Nigeria.

Central african republicUnited statesCentral africanWorld bank groupEconomic community of central africanMaxicare company nigeriaEuropean bankAfdb office of integrityCorporate affairs commissionCorruption of the bank groupAfrican development fundAmerican development bankEconomic community of west african statesAsian development bankFacilitation programmeOffice of integrity