fbpx
Friday, January 24, 2025
1.2 C
Tallinn

African Development Bank imposes 12-month Conditional Non-Debarment on Unik Construction Engineering Limited for a Corrupt Practice

ABIDJAN, Ivory Coast, October 13, 2023/ — The African Development Bank Group , on 13 October 2023 announces the conclusion of a negotiated settlement agreement with Unik Construction Engineering (Pty) Limited, thus putting an end to sanctions proceedings for a corrupt practice against Unik Construction Engineering (Pty) Limited.

Pursuant to the negotiated settlement agreement, Unik Construction Engineering (Pty) Limited, registered in Botswana, will be under a conditional non-debarment for a period of 12 months, effective 11 October 2023.

An investigation conducted by the Office of Integrity and Anti-Corruption of the African Development Bank Group established that Unik Construction Engineering (Pty) Limited engaged in a corrupt practice in the context of tenders for the Construction of Raw Water Pumping Main, Water Treatment Plant and Treated Rising Main and Construction of Treated Gravity Mains, Storage Reservoirs and Distribution Network, components of the Manzini Region Water Supply and Sanitation Project in Eswatini. A representative of the company made a corrupt offer to an official involved in the procurement process.

The Manzini Region Water Supply and Sanitation Project is aimed at providing sustainable water supply and sanitation services. It is expected to meet the potable water requirements of Manzini and surrounding areas and reduce the risk of environmental pollution of the groundwater through provision of appropriate sanitation services which will in turn improve the well-being of the inhabitants and spur economic growth in the Manzini Region.

During the period of conditional non-debarment, Unik Construction Engineering (Pty) Limited will remain eligible to participate in Bank Group-financed activities; however, it will be required to enhance its anti-bribery and its integrity compliance program.

Hot this week

Okonjo-Iweala Urges Leaders to “Chill” Amid Trade Tensions, Warns of Fragmentation Risks

DAVOS, Switzerland (CHATNEWSTV) — World Trade Organization (WTO) Director-General...

EFCC Withdraws Arrest Warrant Issued Against Mercy Chinwo’s Former Manager

Economic and Financial Crimes Commission, on Friday, withdrew the...

U.S Lawmaker Introduces 3rd Term Bill For Donald Trump

A US lawmaker, Andy Ogles has introduced a bill...

President Tinubu appoints new chairman for UNIABUJA hospital

Agency Report - President Bola Tinubu has appointed Dr Ikye...

Lagos Governor Orders Immediate Close of Oshodi Pedestrian Bridge

Agency Report - The Lagos State Government has ordered immediate...

Latest

Okonjo-Iweala Urges Leaders to “Chill” Amid Trade Tensions, Warns of Fragmentation Risks

DAVOS, Switzerland (CHATNEWSTV) — World Trade Organization (WTO) Director-General...

EFCC Withdraws Arrest Warrant Issued Against Mercy Chinwo’s Former Manager

Economic and Financial Crimes Commission, on Friday, withdrew the...

U.S Lawmaker Introduces 3rd Term Bill For Donald Trump

A US lawmaker, Andy Ogles has introduced a bill...

President Tinubu appoints new chairman for UNIABUJA hospital

Agency Report - President Bola Tinubu has appointed Dr Ikye...

Lagos Governor Orders Immediate Close of Oshodi Pedestrian Bridge

Agency Report - The Lagos State Government has ordered immediate...

EU, Türkiye Discuss Cooperation on Syria, Gaza, and Ukraine

ANKARA, Türkiye (CHATNEWSTV) — The European Union's High Representative...

Far-right Alternative for Germany to hold event in knife-attack city

Agency Report - Würzburg, Germany  - The far-right Alternative for Germany...

Germany’s Merz demands migration reforms, even with support from AfD

Agency Report - Berlin - Opposition head Friedrich Merz is calling...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Okonjo-Iweala Urges Leaders to “Chill” Amid Trade Tensions, Warns of Fragmentation Risks

DAVOS, Switzerland (CHATNEWSTV) — World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala urged world leaders, government officials, and business executives to “just chill” and “take...

Tinubu Names Ganduje FAAN, Gawuna FMBN Chairs

Agency Report - President Bola Tinubu has approved the appointment of Board Chairpersons for 42 federal organisations and a Secretary for the Board of the...

Mbah Urges Diaspora to Invest in Enugu

Enugu State Governor, Dr. Peter Mbah, has urged the Nigeria diaspora community to consider Enugu as their first choice of investment destination, stressing that...

Enugu Govt, Landmark Africa Group Seal Deal to Revamp Nike Lake Resort

The Enugu State Government and the Landmark Africa Group have sealed a deal to revamp and further develop the potentials of Nike Lake Resort,...

Reforming Germany’s debt rules will not solve economic ills — Kukies

Agency Report - Reforming Germany's strict constitutional rules on government borrowing will not solve the country's economic problems, Finance Minister Jörg Kukies said in Davos...

Stanbic IBTC Taps NGX Invest for ₦148.7bn Rights Issue

The Nigerian Exchange Limited, NGX, e-offering platform, NGX Invest, continues to revolutionise capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc N148.7...

Nigeria’s Public Debt Hits N142trn in Q3 2024 – DMO

Debt Management Office (DMO) has disclosed that Nigeria’s total public debt stood ar N142.3 trillion as of September 2024. DMO said the country’s total public debt...

German beer sales continue to decline in 2024

Agency Report - Berlin  - Consumption of alcoholic beer in Germany continued to decline in Germany in 2024, part of a steady long-term drop in drinking...

German central bank warns that economy remains ‘listless’

Agency Report - Frankfurt  - Germany's economic weakness and stagnation will persist into the first months of the year, the country's central bank, the Bundesbank, stated...