The African Development Bank (AfDB) has placed a 15-month ban on a Nigerian company, Ogon-Asu Company Limited, and its chief executive, William Tuku Ogon, for alleged fraudulent and obstructive practices.
Ogon-Asu is a construction company incorporated in Lagos in 1992.
The development bank said its investigation found the company engaged in fraudulent practices during the tender for the provision of equipment and construction of axle load weigh stations along the Enugu-Abakaliki-Mbok (Ogoja Junction) and Ikom-Mfum road in Nigeria.
The project is a component of the AfDB’s transport facilitation programme for the Bamenda-Mamfe-Ekok/Mfum-Abakaliki-Enugu Road Corridor in Cameroon and Nigeria.
The project is expected to increase trade and strengthen cooperation between countries of the central and west African states, in particular between Nigeria and Cameroon.
Ogon-Asu could not be reached by its known phone number.
The debarment means the company, its affiliates and Mr Ogon will be ineligible to participate in AfDB-financed operations and activities for the next 15 months.
The bank accused Mr Ogon of obstructive behaviour during investigations.
Discover more from Pluboard
Subscribe to get the latest posts to your email.