African Development Bank debars Mactebac Contractors Limited, Joram Opala Otieno for 36 months over fraudulent practices
African Development Bank debars Mactebac Contractors Limited, Joram Opala Otieno for 36 months over fraudulent practices
Dr Adesina
The African Development Bank Group has announced the 36-month debarment of Mactebac Contractors Limited, a company registered in Kenya and Mr. Joram Opala Otieno, the director and shareholder with effect from 15 December 2020.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Mactebac Contractors Limited and Mr. Joram Opala Otieno engaged in fraudulent practices during a tender for the Construction Works for Malaba Water and Sanitation Project under the Kenya Towns Sustainable Water Supply and Sanitation Program in Kenya.
The African Development Bank Group announces the 36-month debarment of Mactebac Contractors Limited, a company registered in Kenya and Mr. Joram Opala Otieno, the director and shareholder with effect from 15 December 2020.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Mactebac Contractors Limited and Mr. Joram Opala Otieno engaged in fraudulent practices during a tender for the Construction Works for Malaba Water and Sanitation Project under the Kenya Towns Sustainable Water Supply and Sanitation Program in Kenya.
The debarment renders Mactebac Contractors Limited and its affiliates and Mr. Joram Opala Otieno ineligible to participate in Bank Group-financed projects during the debarment period. Additionally, the debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstructio
AfDB bans Maxicare Nigeria Ltd for 36 months over fraudulent practices niyitabiti.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from niyitabiti.net Daily Mail and Mail on Sunday newspapers.
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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.
Nigerian Company Incurs AfDB s Wrath for Fraudulent Practices, Blocked for 3 Years – The News Chronicle thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.