News
The African
Development Bank Group (https://www.AfDB.org/) on 17 March 2020, announces the
debarment of Beulah Universal Link Resources Limited for 36 months and
Bluestream Systems and Device Limited for 12 months. Both companies are
registered in Nigeria.
An
investigation conducted by the Bank’s Office of Integrity and Anti-Corruption
established that Beulah Universal Link Resources Limited and Bluestream Systems
and Device Limited engaged in fraudulent practices through their joint bid
submitted under the Urban Water Supply and Sanitation Improvement Project
implemented in Oyo State of Nigeria. While participating in a tender for
construction and rehabilitation of water reservoirs contracts, the companies
misrepresented their qualifications for the contracts.
The debarments
render Beulah Universal Link Resources Limited and Bluestream Systems and
Device Limited ineligible to participate in Bank-financed projects during the
respective debarment periods. Additionally, the 36 month debarment of Beulah
Universal Link Resources Limited qualifies for cross-debarment by other
multilateral development banks under the Agreement for Mutual Recognition of
Debarment Decisions, including the Asian Development Bank, the European Bank
for Reconstruction and Development, the Inter-American Development Bank and the
World Bank Group.
The Urban Water
Supply and Sanitation Improvement Project is financed under the African
Development Fund, an entity of the African Development Bank Group.
Leave your comments.
0 comments:
Post a Comment