The African Development Bank (AFDB) says it blacklisted about 40 Nigerian firms and individuals for engaging in corrupt practices, fraud and collusive practices between 2017 and 2021.
The bank disclosed this in a statement on its official website, which was obtained on Tuesday.
This is coming eight days after the World Bank blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud, and collusive practices in its 2021 fiscal year.
The AFDB said the firms and individuals were debarred “for coercive, collusive, corrupt, fraudulent, or obstructive practices under its sanctions system or adopted under the Agreement for Mutual Enforcement of Debarment Decisions from other global lenders.”
The banks said the individuals and firms, due to the debarment, were considered “ineligible to participate in contracts financed or administered by the African Development Bank Group for the stipulated periods.”
While some of the debarments were made by AfDB, others were made by the World Bank Group, but recognised by other multilateral organisations including the AfDB under the cross-debarment policy.
The statement said: “In 2017, a Nigerian and a Nigerian firm were debarred by the World Bank under the cross-debarment policy recognised by the AfDB, the statement said. While in 2018, two Nigerians and two Nigerian firms were debarred by the World Bank under the cross-debarment policy recognised by the AfDB.
“In 2019, five Nigerians and seven Nigerian firms were debarred, making a total of 12. Out of this, six debarments were made by the AfDB and the rest by the World Bank.
“In 2020, three Nigerians and 15 Nigerian firms were debarred, making a total of 18. Out of this, nine debarments were made by the AfDB and the rest by the World Bank.
“In 2021, four Nigerian firms were debarred; three by the AfDB and one by the World Bank.”
