AfDB bars Maxicare company for 3 years for fraudulent practices
The African Development Bank (AfDB) Group has barred a Nigerian firm, Maxicare Company (Nigeria) Limited, from engaging in business transactions with it for a period of 3 years with effect from February 23, 2021. The bank said that the debarment of Maxicare was due to its engagement in collusive and fraudulent practices during a tender for a project. This disclosure is contained in a public statement that was issued by the AfDB Group on April 28, 2021, and seen on its website. It states that the debarment is based on an investigation conducted by the bank’s Office of Integrity and Anti-Corr...
Source: nairametrics.com