AFRICAN DEVELOPMENT BANK (AFDB) DEBARS NIGERIAN COMPANY FOR COLLUSIVE, FRAUDULENT PRACTICES

On 28 April, Ripples Nigeria reported that the AfDB has announced the debarment of a Nigerian company, Maxicare Company Limited for engaging in collusive and fraudulent practices. The debarment took effect from February 23 and is to last for 36 months.  At the expiry of the debarment period, Maxicare Company (Nigeria) Limited will only be eligible to participate in Bank Group-financed projects on the condition that it implements an integrity compliance program consistent with the Bank’s guidelines.

https://www.ripplesnigeria.com/afdb-debars-nigerian-company-for-collusive-fraudulent-practices

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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