Maxicare Limited for Fraud
Photo source: Vanguard
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An investigation was conducted by the Bank’s Office of Integrity and Anti-Corruption and found  out that Maxicare Company (Nigeria) Limited engaged in fraudulent practices in providing kit. Bamenda-Mamfe-Abakaliki-Enugu Road Corridor was completed under the Transport Facilitation Programme connecting Cameroon and Nigeria.

The 36 month debarment has been announced by the African Development Bank Group (AfDB) effective from February 23. Maxicare Company (Nigeria) Limited could also be an indebtedness company registered within the Federal Republic of Nigeria. According to sources, the debarment qualifies for cross-debarment by other multilateral development banks. This act falls under the Agreement for Mutual Enforcement of Debarment Decisions, including the ecu Bank for Reconstruction and Development, Asian Development Bank, the International Bank for Reconstruction and Development Group and thus the Inter-American Development Bank. 

When this debarment period expires, Maxicare Company (Nigeria) Limited can only participate in Bank Group-financed projects. This is due to the condition that it implements an integrity compliance programme consistent with the Bank’s guidelines.

Data source: Premium Times

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