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

  • 📰 thecableng
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines