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Home»ACNN News Update»African Development Bank Debars Nigerian Firm For Fraudulent Practices
ACNN News Update

African Development Bank Debars Nigerian Firm For Fraudulent Practices

ACNN TVBy ACNN TVApril 20, 2020No Comments2 Mins Read
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The African Development Bank Group has announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices.

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that China Zhonghao Nigeria Limited, as a member of a joint venture with Oceanic Construction and Engineering Nigeria Ltd., was jointly responsible for its joint venture partner’s fraudulent misrepresentations of its year of incorporation, the value of its reference contracts, and the experience of its key personnel, while bidding for two tenders under the Bank-financed Urban Water Supply and Sanitation Improvement Project in Nigeria.

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 the condition that it implements an integrity compliance program consistent with the guidelines of the African Development Bank Group.

In June 2019, African Development Bank debarred Oceanic Construction and Engineering Nigeria Ltd. for a period of 48 months, for related fraudulent practices.

The Urban Water Supply and Sanitation Improvement Project is financed under the African Development Fund, an entity of the African Development Bank Group and aims at enhancing access to safe water supply services in the Nigerian states of Oyo and Taraba through, among other components, extension and rehabilitation works on the water transmission and distribution network.

China Zhonghao Nigeria Limited, incorporated in Nigeria in 2002, is an integrated Water and Civil Engineering company. It is the first overseas branch company of the multi-national engineering company, Zhonghao Overseas Construction Engineering Co. Ltd., an engineering contracting enterprises owned by the Ministry of Commerce of the People’s Republic of China.

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.

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