{"id":473495,"date":"2021-08-17T09:53:09","date_gmt":"2021-08-17T09:53:09","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=473495"},"modified":"2021-08-17T09:53:09","modified_gmt":"2021-08-17T09:53:09","slug":"the-african-development-bank-excludes-sargittarius-nigeria-limited-and-its-subsidiaries-for-18-months-for-fraudulent-practices","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/08\/17\/the-african-development-bank-excludes-sargittarius-nigeria-limited-and-its-subsidiaries-for-18-months-for-fraudulent-practices\/","title":{"rendered":"The African Development Bank excludes Sargittarius Nigeria Limited and its subsidiaries for 18 months for fraudulent practices"},"content":{"rendered":"
<\/div>

The African Development Bank Group announced on August 17, 2021 that it had excluded, for a period of 18 months, for fraudulent practices, the company Sargittarius Nigeria Limited and its subsidiaries including Sargittarius Henan Water Conservancy Engineering Limited, as of the 28 July 2021.
\nAn investigation by the Integrity and Anti-Corruption Office of the African Development Bank found that Sargittarius Nigeria Limited, a limited liability company registered in the Federal Republic of Nigeria, had engaged in fraudulent during a tender for the construction of water infrastructure in Ibadan, as part of the Urban Water Supply and Sanitation Improvement Project in Nigeria.
\nDuring the exclusion period, Sargittarius Nigeria Limited and its affiliates will not be permitted to participate in projects funded by the African Development Bank Group. In addition, the exclusion may be subject to cross-application by other multilateral development banks under the Agreement for the Mutual Enforcement of Exclusion Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
\nAt the expiration of the exclusion period, Sargittarius Nigeria Limited may again be eligible for calls for tenders for projects financed by the African Development Bank Group only on the condition of having implemented a program. integrity compliance in accordance with Bank guidelines.<\/p>\n

The Urban Water Supply and Sanitation Improvement Project aimed to improve access to drinking water supply and sanitation services in the towns of Ibadan and Jalingo, Federal Republic of Nigeria. The project was co-financed by the African Development Fund, the concessional loan window of the African Development Bank Group, and the government of Nigeria.<\/p>\n

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The African Development Bank Group announced on August 17, 2021 that it had excluded, for a period of 18 months, for fraudulent practices, the company Sargittarius Nigeria Limited and its subsidiaries including Sargittarius Henan Water Conservancy Engineering Limited, as of the 28 July 2021. 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