Admin l Wednesday, May 20, 2020
LAGOS, Nigeria – The African Development Bank ( ADB) has debarred China Zhonghao Limited, employer of two Chinese, Meng Wei Kun and Xui Kuoi who are currently on trial in Nigeria for offering bribe of N100million to the Zonal Head of the Sokoto branch of the commission.
ADB debarred China Zhonghao Limited for fraudulently misrepresenting its year of incorporation, value of its reference contracts and cognate experience of its key personnel while bidding for two tenders under ADB-financed Urban Water Supply and Sanitation Improvement Project for Oyo and Taraba States in Nigeria.
The EFCC said, reports available to it showed that, ADB’s office of Integrity and Anti-Corruption has been able to establish that China Zhonghao Limited committed the fraudulent deals and debarred it from participating in projects, financed by the bank for a period of 18 months.
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Apart from ADB financed projects, China Zhonghao stands debarred by other multilateral development banks like the World Bank group; Asian Development Bank, European Bank for Reconstruction and Development and the Inter-American Development Bank, owing to Agreement for Mutual Enforcement of Debarment Decisions among the banks.
Debarment, according to the EFCC is the shutting out or exclusion of a company, an individual, an entity from certain rights, privileges or possessions owing to allegations of fraud, mismanagement or impropriety.
