African Development Bank (AfDB) Group has announced the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and Bamidele Obiniyi, its managing director, for a period of 36 months.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Lutoyilex Construct Limited engaged in fraudulent practice while bidding for a construction contract under the Agricultural Transformation Agenda Support Program Phase One in Nigeria (ATASP-1).
According to the AfDB, while participating in a tender for the construction of social infrastructure in Niger State of Nigeria, the company misrepresented its experience in conducting similar construction contracts.
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 administered by the African Development Bank Group.