The World Bank blacklisted the Kenyan consulting firm for fraud

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The World Bank blacklisted the Kenyan consulting firm for fraud


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World Bank Headquarters in Nairobi. PHOTO FILE | NMG

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Summary

  • The World Bank blacklisted a Kenyan consulting firm that has undertaken several multi-million dollar projects for major government agencies for fraud.
  • During the 21-month ban, ADP and its affiliates will not be able to participate in projects funded by the World Bank.

The World Bank blacklisted a Kenyan consulting firm that has undertaken several multi-million dollar projects for major government agencies for fraud.

The multilateral lender said that an investigation conducted by the anti-corruption unit found that the Nairobi-based Africa Development Professional Group (ADP), which it says it provides “management, investment, solutions consultancy and advisory services corporate finance, corporate finance and business development “had engaged in fraudulent practices during a project funded by a bank in Somalia.

During the 21-month ban, ADP and its affiliates will not be able to participate in projects funded by the World Bank.

“The exclusion renders ADP ineligible to participate in projects and operations funded by the institutions of the World Bank Group,” the World Bank said in a statement.

“The project (Somalia) was designed to strengthen the staff and institutional capacity of selected line ministries and central agencies to perform key government functions.”

The interdiction also qualifies for cross-interdiction by other multilateral development banks under the Agreement for the Mutual Application of interdiction decisions, including the Asian Development Bank, the European Bank for Reconstruction and the development, the Inter-American Development Bank and the African Development Bank (AfDB).

Financial institutions, which are mostly owned and funded by governments, have pledged to curb corruption in their billions of dollars a year projects.

“The ban makes ADP ineligible to participate in projects and operations funded by World Bank Group institutions,” the bank said.

“It is part of a settlement agreement whereby the company recognizes responsibility for the underlying sanctionable practices and agrees to meet specific corporate compliance conditions as a condition for release from the ban.”

ADP claims on its website that its past clients include Kenya’s Ministry of Land, Housing and Urban Development, The Gambia President’s Office, the Government of Ghana, the Wages and Payments Commission (Kenya) and the Department for International Development (DfID), Rwanda.

However, the above projects are not related to the ban.

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