AfDB debars Beulah Universal Link Resources, Bluestream Systems & Device
The debarments render Beulah Universal Link Resources Limited and Bluestream Systems and Device Limited ineligible to participate in Bank-financed projects during the respective debarment periods.
- Country:
- Ivory Coast
The African Development Bank Group on 17 March 2020, announces the debarment of Beulah Universal Link Resources Limited for 36 months and Bluestream Systems and Device Limited for 12 months. Both companies are registered in Nigeria.
An investigation conducted by the Bank's Office of Integrity and Anti-Corruption established that Beulah Universal Link Resources Limited and Bluestream Systems and Device Limited engaged in fraudulent practices through their joint bid submitted under the Urban Water Supply and Sanitation Improvement Project implemented in Oyo State of Nigeria. While participating in a tender for construction and rehabilitation of water reservoirs contracts, the companies misrepresented their qualifications for the contracts.
The debarments render Beulah Universal Link Resources Limited and Bluestream Systems and Device Limited ineligible to participate in Bank-financed projects during the respective debarment periods. Additionally, the 36-month debarment of Beulah Universal Link Resources Limited 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.
The Urban Water Supply and Sanitation Improvement Project is financed under the African Development Fund, an entity of the African Development Bank Group.
ALSO READ
-
Côte d’Ivoire Secures $24 Million to Restore Forests and Support Rural Communities
-
AfDB Places KEEPS Construction Under 12-Month Compliance Order After Fraudulent Practice
-
Central Africa Faces $35.6 Billion Funding Gap as Growth Forecasts Signal Steady Gains
-
Benin’s Growth Surges as $2.43 Billion Annual Funding Need Shapes Its Economic Future
-
Free AI Training Opens Doors for African Public Officials to Build Smarter Services
Google News