Photo source: Vanguard
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
Nigeria’s leading music figure and vocalist, Cobhams Asuquo, known for his singing and production said…
Following a mixed reaction from the South African community representatives, Khoi and San, the Cape…
Mitigating the process and service barriers in African rail transportation, the digital disruption has transformed…
Kais Saied, the Tunisian president has said in his speech that he will allow the…
You know the credibility of an ingredient when it’s plastered all over bottles and jars…
Cyclone Gombe that flooded large areas of central and northern Mozambique is consistently leading to…
This website uses cookies.