Business
AfDB blacklists Nigerian Company over bidding fraud
The African Development Bank (AfDB) has barred Qualitrends Global Solutions Nigeria Limited, a construction Company registered in Nigeria, for 36 months.
The bank made this known in a statement published on its website dated June 3, 2019.
According to the statement, an investigation conducted by the Bank’s Office of Integrity and Anti-Corruption, discovered that Qualitrends Global Solutions Nigeria Limited engaged in numerous acts of fraud in bidding for a construction contract under the Agricultural Transformation Agenda Support Program Phase One in Nigeria (ATASP-1).
It also said, while participating in a tender for the conduct of construction of social infrastructure in Niger State of Nigeria, the company misrepresented its experience in conducting such construction contracts and submitted a false bid security.
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It stated, “The debarment renders the company ineligible to participate in Bank-financed projects during the debarment period.
“The debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Recognition of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
“ATASP-1 is financed under the African Development Fund, an entity of the African Development Bank Group.”
By Babatunde Alao…
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