Connect with us

Hi, what are you looking for?

News

AfDB Debars Joycot General Contractors for 15 Months for Fraudulent Practices

African Development Bank Group, yesterday announced a 15-month debarment of Joycot General Contractors Ltd. effective 8 September 2023. Joycot General Contractors Ltd. is a construction company registered under the laws of Kenya.

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors Ltd. engaged in fraudulent practices during a tender for the construction of reticulation sewers in Kahawa West, Kahawa Sukari, a component of the Nairobi Rivers Basin Rehabilitation and Restoration Programme: Sewerage Improvement Project Phase II, Kenya.

The Nairobi Rivers Basin Rehabilitation and Restoration Programme: Sewerage Improvement Project Phase II, was aimed at improving access, quality, availability and sustainability of wastewater services in Nairobi City.

During the debarment period, Joycot General Contractors Ltd. will be ineligible to participate in Bank Group-financed activities.

At the expiry of the debarment period, Joycot General Contractors Ltd. will only be eligible to resume participation in African Development Bank Group-financed activities after it implements an integrity compliance program consistent with the Bank’s guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

Tech

Since Friday, December 27, 2024, when Starlink, Elon Musk’s satellite internet service, announced an increase in its monthly subscription prices across Nigeria, effective immediately...

News

A Federal High Court in Abuja has okayed the Economic and Financial Crimes Commission (EFCC)’s application to freeze 24 bank accounts domiciled in different...

News

Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted...

News

H.E. Dr. Bello Mohammed Matawalle MON, Honourable Minister of State for Defence, has expressed profound appreciation for the unwavering commitment and exemplary efforts of...