The African Development Bank Group has debarred two Nigerian companies Beulah Universal Link Resources Limited for 36 months and Bluestream Systems and Device Limited for 12 months for misrepresenting their qualifications while participating in a tender for construction and rehabilitation of water reservoirs contracts.
According to an investigation conducted by the Bank’s Office of Integrity and Anti-Corruption, Beulah Universal Link Resources Limited and Bluestream Systems and Device Limited were found to have engaged in fraudulent practices through their joint bid submitted under the Urban Water Supply and Sanitation Improvement Project implemented in Oyo State of Nigeria.
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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.
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The Urban Water Supply and Sanitation Improvement Project is financed under the African Development Fund, an entity of the African Development Bank Group.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry