Fraud: AfDB slams Nigerian company, CEO with 15-month debarment | TheCable

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Fraud: AfDB slams Nigerian company, CEO with 15-month debarment | TheCable
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The African Development Bank Group (AfDB) has announced the 15-month debarment of Ogon-Asu Company Ltd, a Nigerian construction company, and William Ogon, its chief executive officer, over “fraudulent practices”.

March 10, 2023 9:55 PM

In a statement on Thursday, the development finance institution said the debarment took effect from February 24, 2023. “An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ogon-Asu Company Ltd. engaged in fraudulent practices during a tender for the Provision of Equipment and Construction of Axle Load Scales/Weigh Stations along Enugu-Abakaliki-Mbok – 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,” the statement reads.

 

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