The African Development Bank (AfDB) sanctions Maxicare Company for fraud and collusive practices. It specifies in a press release that during the exclusion period, the company and its subsidiaries will be ineligible for projects financed by the African Development Bank Group.

An investigation by the AfDB's Office of Integrity and Anti-Corruption (PIAC) has established that the company engaged in collusive and fraudulent practices during a tender for the construction weigh stations and supply of equipment under the Bamenda-Mamfe-Abakaliki-Enugu Road Corridor Transport Facilitation Program linking Cameroon and Nigeria, the statement said.

In addition, the 36-month debarment, effective February 23, 2021, is applicable by other multilateral development banks under the Agreement for Mutual Enforcement of Decisions. exclusion, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.

At the end of the exclusion period, the company will only be eligible to participate in projects financed by the African Development Bank Group again if it has implemented a compliance program with the integrity consistent with Bank guidelines. Recall that Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria.