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African Development Bank debars ALG GLOBAL CONCEPT and its Managing Director for 36 Months, for Fraudulent Practices

Wednesday, 23 January 2019 13:49
African Development Bank debars ALG GLOBAL CONCEPT and its Managing Director for 36 Months, for Fraudulent Practices

(AfDB) - The African Development Bank Group on January 23, 2019, announces the debarment of ALG Global Concept Nigeria Ltd, a construction company registered in Nigeria and its Managing Director, Mr. Abuharaira Labaran Gero, for a period of 36 months.

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that ALG Global Concept and its Managing Director, engaged in numerous fraudulent practices in bidding for a construction contract under the Agricultural Transformation Agenda Support Program Phase One in Nigeria (ATASP-1), in the Federal Republic of Nigeria. While participating in a tender for the conduct of construction of social infrastructure in Niger State of Nigeria, the company misrepresented its experience in conducting such construction contracts as well as by submitting a false bid security.

The debarment renders the company and its Managing Director ineligible to participate in Bank-financed projects during the debarment period. The debarment 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.

ATASP-1 is financed under the African Development Fund, an entity of the African Development Bank Group.

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/

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