Public Management

African Development Bank debars Ogon-Asu Co. Ltd and William Tuku Ogon for 15 months for fraudulent practices

African Development Bank debars Ogon-Asu Co. Ltd and William Tuku Ogon for 15 months for fraudulent practices
Friday, 10 March 2023 09:41

( AfDB) - The African Development Bank Group, on 9 March 2023, announces a 15-month debarment of Ogon-Asu Company Ltd. and its Chief Executive Officer, Mr. William Tuku Ogon, with effect from 24 February 2023. Ogon-Asu Company Ltd. is a construction company registered in the Federal Republic of Nigeria.

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ogon-Asu Company Ltd. engaged in fraudulent practices during a tender for the Provision of Equipment and Construction of Axle Load Scales/Weigh Stations along Enugu-Abakaliki-Mbok (Ogoja Junction) - Ikom-Mfum Road in Nigeria, a component of the Transport Facilitation Programme for the Bamenda-Mamfe-Ekok/Mfum-Abakaliki-Enugu Road Corridor in Cameroon and Nigeria. The investigation further established that Mr. William Tuku Ogon engaged in an obstructive practice during the investigation.

The Transport Facilitation Programme for the Bamenda-Mamfe-Ekok/Mfum-Abakaliki-Enugu Road Corridor is expected to increase trade and strengthen cooperation between countries of the Central African States and those of the Economic Community of West African States in general, and between Cameroon and Nigeria, in particular.

During the debarment period, Ogon-Asu Company Ltd., its affiliates and Mr. William Tuku Ogon, will be ineligible to participate in Bank Group-financed operations and activities.

At the expiration of the debarment period, Ogon-Asu Company Ltd., its affiliates and Mr. William Tuku Ogon will only be eligible to resume participation in African Development Bank Group-financed operations and activities after they implement an integrity compliance program consistent with the Bank’s guidelines.

About the Office of Integrity and Anti-Corruption

The Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.

For more information visit https://www.afdb.org/en/about-us/organisational-structure/integrity-and-anti-corruption/ 

African Development Bank staff and the general public can use secured hotlines of the Office of Integrity and Anti-Corruption to report sanctionable practices within the Bank or operations financed by the Bank Group.

Mail correspondence should be marked “CONFIDENTIAL” and sent to:

African Development Bank

Office of Integrity and Anti-Corruption (PIAC)

Immeuble du Centre de commerce International d’Abidjan (CCIA)

logo BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Nigeria targets 300 billion naira (about $186.7 million) through a sukuk to build roads. The bond offers a 19.75% annual return and is open for...
 Algeria and Oman will each contribute to a $300 million joint investment fund.  The fund will target food security, mining, oil and...
. Citigroup is holding talks with governments in Benin and Namibia to grow its presence. . The bank is playing a key role in Benin's bond sales and...
• Spain will fund Casablanca’s seawater desalination plant with $381 million in financing• The plant will supply drinking water to over 6.7 million...
Most Read
01

Tanzania will now require all local transactions to be priced and paid in Tanzanian shillings. ...

Tanzania Bans Use of Foreign Currencies for Domestic Transactions
02

KoBold Metals, the U.S.-based mining company backed by heavyweight investors including Bill Gates an...

KoBold Metals Steps Up to Secure Manono Lithium Deposit in DR Congo
03

This initiative reflects ECOWAS’s commitment to a results-driven, people-centred digital transformat...

ECOWAS, World Bank Launch Regional Workshop to Advance Digital Integration
04

• MTN to distribute 1.2 million 4G smartphones at $5.42 for prepaid users.• Move supports South...

MTN South Africa to Sell 4G Smartphones for $5 to Boost Network Upgrade
05

• PalmPay plans to enter South Africa, Côte d’Ivoire, Uganda, and Tanzania by late 2025• The fintech...

Nigeria’s PalmPay to Expand into 4 African Countries by End of 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.