The African Development Bank Group (AfDB) has announced the ban of ALG Global Concept Nigeria Limited from participating in Bank-financed projects for 36 months.
The construction company registered in Nigeria, as well as its Managing Director, Mr. Abuharaira Labaran Gero, were slammed with the ban by the Office of Integrity and Anti-Corruption of the Bank.
An investigation conducted by the Bank 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 Program Phase One in Nigeria (ATASP-1), in the Federal Republic of Nigeria, according to a statement on Wednesday.
While participating in a tender for the conduct of construction of social infrastructure in Niger State, the company was said to have misrepresented its experience in conducting such construction contracts as well as by submitting a false bid security.
“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,” added AfDB.
ATASP-1 is financed under the African Development Fund, an entity of the African Development Bank Group.