{"id":69944,"date":"2023-03-10T16:41:36","date_gmt":"2023-03-10T15:41:36","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=69944"},"modified":"2023-03-10T16:41:36","modified_gmt":"2023-03-10T15:41:36","slug":"fraud-afdb-suspends-nigerian-construction-firmboss-for-15-months","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fraud-afdb-suspends-nigerian-construction-firmboss-for-15-months\/","title":{"rendered":"Fraud: AfDB Suspends Nigerian Construction Firm, Boss For 15-months"},"content":{"rendered":"
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The African Development Bank Group,has announced 15-month suspension of a Nigerian construction company, Ogon-Asu Company Limited and its Chief Executive Officer, Mr. William Tuku Ogon.<\/p>\n<\/div>\n

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The punitive action of the global bank took effect from 24 February, 2023,according to a statement made available to Premium News on Friday.<\/p>\n<\/div>\n

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An investigation conducted by the Bank\u2019s Office of Integrity and Anti-Corruption established that Ogon-Asu Company Limited engaged in fraudulent practices during a tender for the Provision of Equipment and Construction of Axle Load Scales\/Weigh Stations along Enugu-Abakaliki-Mbok (Ogoja Junction) \u2013 Ikom-Mfum Road in Nigeria, a component of the Transport Facilitation Programme for the Bamenda-Mamfe-Ekok\/Mfum-Abakaliki-Enugu Road Corridor in Cameroon and Nigeria.<\/p>\n<\/div>\n

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It stated that the investigation further established that Mr. William Tuku Ogon engaged in an obstructive practice during the investigation.<\/p>

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The statement said the Transport Facilitation Programme for the Bamenda-Mamfe-Ekok\/Mfum-Abakaliki-Enugu Road Corridor is expected to increase trade and strengthen cooperation between countries of the Central African States and those of the Economic Community of West African States in general, and between Cameroon and Nigeria, in particular.<\/p>\n<\/div>\n

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During the debarment period, Ogon-Asu Company Ltd., its affiliates and Mr. William Tuku Ogon, the statement said,will be ineligible to participate in Bank Group-financed operations and activities.<\/p>\n<\/div>\n

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It added:\u201dAt the expiration of the debarment period, Ogon-Asu Company Limited,its affiliates and Mr. William Tuku Ogon will only be eligible to resume participation in African Development Bank Group-financed operations and activities after they implement an integrity compliance program consistent with the Bank\u2019s guidelines\u201d<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

The African Development Bank Group,has announced 15-month suspension of a Nigerian construction company, Ogon-Asu Company Limited and its Chief Executive Officer, Mr. William Tuku Ogon.<\/p>\n","protected":false},"author":6,"featured_media":69945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[682,10218],"coauthors":[2391],"class_list":["post-69944","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-afdb","tag-ogon-asu-company-limited"],"yoast_head":"\nFraud: AfDB Suspends Nigerian Construction Firm, Boss For 15-months - National Wire<\/title>\n<meta name=\"description\" content=\"The African Development Bank Group,has announced 15-month suspension of a Nigerian construction company, Ogon-Asu Company Limited and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fraud-afdb-suspends-nigerian-construction-firmboss-for-15-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fraud: AfDB Suspends Nigerian Construction Firm, Boss For 15-months - 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