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Breaking News | AfDB Bars Nigerian Company 3 Years For Fraudulent Practices

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African Development Bank Group (AfDB) has barred Maxicare Company (Nigeria) Ltd. from conducting business with it for the next three years.
The bank said on its website on Wednesday that the debarment, for engaging in “collusive and fraudulent practices” during a business tender, took effect from Feb. 23.
It stated that the infringement was committed under the Transport Facilitation Programme for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor connecting Cameroon and Nigeria.
The bank added that an investigation by AfDB’s Office of Integrity and Anti-Corruption established that Maxicare engaged in collusive and fraudulent practices during the tender for the construction of weigh stations and supply of equipment. ....

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AfDB debars Nigerian company for collusive, fraudulent practices

The African Development Bank (AfDB), on Wednesday, announced the debarment of a Nigerian company, Maxicare Company Limited for engaging in collusive and fraudulent practices.
According to the Bank, Maxicare’s debarment which took effect from February 23, 2021, is to last for 36 months, was instituted after its Office of Integrity and Anti-Corruption conducted an investigation and established that Maxicare engaged in collusive and fraudulent practices.
The company was said to have engaged in the act 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. ....

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AfDB blacklists Nigerian firm Maxicare Limited for fraud

AfDB blacklists Nigerian firm Maxicare Limited for fraud
Maxicare engaged in fraud during a tender for the supply of equipment for the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor connecting Cameroon and Nigeria.
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The African Development Bank Group has announced the 36 month debarment of Maxicare Company (Nigeria) Limited with effect from February 23.
Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Maxicare Company (Nigeria) Limited 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. ....

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