Home Business AfDB debars Qualitrends Global Solutions Nigeria Ltd for 36 months, for fraudulent...

AfDB debars Qualitrends Global Solutions Nigeria Ltd for 36 months, for fraudulent practices

564
0
Access Pensions, Future Shaping

TUE, JUNE 04 2019-theG&BJournal- The African Development Bank Group on 3 June 2019, announces the debarment of Qualitrends Global Solutions Nigeria Limited, a construction company registered in Nigeria, for a period of 36 months.

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established 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). 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.

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.

The Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.

The investigation by the Office of Integrity and Anti-Corruption of the African Development Bank was conducted by Ms. Esther Mhone and Mr. Justin Maenje.

twitter:@theGBJournal|email: info@govandbusinessjournal.com.ng|

 

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments