The African Development Bank and other international financial institutions have reportedly debarred China Zhonghao Nigeria Limited.Debarment is the shutting out or exclusion of a company, an individual, an entity from certain rights, privileges or possessions owing to allegations of fraud, mismanagement or impropriety.
The spokesman said reports available to the EFCC showed that AfDB’s Office of Integrity and Anti-Corruption established that the firm committed the fraudulent deals.
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