The African Development Bank Group Tuesday, April 14, debarred China Zhonghao Nigeria Limited, a civil engineering company for fraudulent practices.
In a statement on Monday, April 20, The Bank announced the debarment of the firm registered in Nigeria, for 18 months.
An investigation conducted by the bank’s office of integrity and anti-corruption revealed that China Zhonghao Nigeria Limited, was also responsible for its joint venture partner’s fraudulent misrepresentations.
These misrepresentations include of its year of incorporation, the value of reference contracts, and experience of key personnel, while bidding for two tenders under the Bank-financed Urban Water Supply and Sanitation Improvement Project in Nigeria.
The bank wrote in a release on Monday, April 20 wrote: “The debarment renders China Zhonghao Nigeria Limited and its affiliates 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 Enforcement 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.
At the expiry of the debarment period, China Zhonghao Nigeria Limited will only be eligible to participate in Bank-financed projects on condition that it implements an integrity compliance program consistent with the Bank’s guidelines.”