Local construction firm, Joycot General Contractors Ltd banned by AfDB projects over fraud
A local construction company has been debarred by the African Development Bank Group (AfDB) from undertaking any projects for 15 months over fraud claims, effective September this year.
Joycot General Contractors Limited is said to have engaged in fraudulent practices during a tender for the construction of reticulation sewers in Kahawa West, Kahawa Sukari, a component of the Nairobi Rivers Basin Rehabilitation and Restoration Programme: Sewerage Improvement Project Phase II.
This is according to an investigation conducted by African Development Bank’s Office of Integrity and Anti-Corruption.
The Nairobi Rivers Basin Rehabilitation and Restoration Programme: Sewerage Improvement Project Phase II, was aimed at improving access, quality, availability and sustainability of wastewater services in Nairobi City.
The bank explains that during the debarment period, Joycot General Contractors Limited will not be eligible to participate in African Development Bank Group-financed activities.
Upon expiry of the debarment period, the bank says, Joycot General Contractors Limited will be eligible to resume participation in Bank Group-financed activities only after it implements an integrity compliance program consistent with the Bank’s guidelines.
Meanwhile, AfDB has approved $175 Million Risk Participation Agreement facility for Eastern and Southern African Trade and Development Bank.
