Nigerian firms defraud World Bank, African Development Bank to get Contracts


Get real time updates directly on you device, subscribe now.

African Development Bank Group and other international bodies have debarredLutoyilex Construct Limited, a construction company registered in Nigeria, from bidding for contracts for perpetrating fraud.


The AfDB sanction was placed on the company and its Managing Director, Mr Bamidele Obiniyi (also known as Mr Bamidele Abayomi) for a period of 36 months.


In an investigation conducted by AfDB’s Office of Integrity and Anti-Corruption, Lutoyilex was indicted for engaging in fraudulent practice while bidding for a construction contract under the Agricultural Transformation Agenda Support Programme Phase One in Nigeria.


The company was said to have lied about its experience in conducting similar construction contracts.


It stated, “The debarment renders the company and its managing director ineligible to participate in bank-financed projects during the debarment period.


READ ALSO: Kano Guber: Tribunal dismisses PDP’s application to amend the list of witnesses


“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 and the World Bank Group.”


Qualitrends Global Solutions Nigeria Limited, another a construction company registered in Nigeria, was also debarred for a period of 36 months in June, according to The Punch.


The bank revealed that Qualitrends engaged in numerous acts of fraud in bidding for a construction contract under the ATASP-1 in Nigeria, including lying about its experience and submitting false bid security.

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.