AfDB bars Nigerian firm from contract bidding over fraudulent practices
London, Jan. 24, 2019 (AltAfrica)-The African Development Bank Group on Wednesday announced the debarment of a Nigerian firm, ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and its Managing Director, Mr Abuharaira Gero, for a period of 36 months.
In a statement on Wednesday, the bank explained that the debarment rendered the company and its Managing Director ineligible to participate in bank-financed projects during the debarment period.

President of the African Development Bank (AfDB) Akinwumi Adesina
READ ALSO:NEW AFRICAN DELIVERY UNITS NETWORK LAUNCHED IN SENEGAL
According to the bank, an investigation conducted by the bank’s Office of Integrity and Anti-Corruption established that ALG Global Concept and its managing director engaged in numerous fraudulent practices in bidding for a construction contract under the Agricultural Transformation Agenda Support Programme Phase One in Nigeria.
While participating in a tender for the conduct of construction of social infrastructure in Niger State, the company misrepresented its experience in conducting such construction contracts as well as by submitting false bid security, the bank added.
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.
Nigeria: Lagos govt begins demolition of distress buildings
UN, Swedish agency launch $5 million initiative to assist Refugees in Uganda start small business
Kenyan church bans miniskirts, rugged jeans, revealing dresses from service
Beyonce visits Ghana on the Year of Return