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    World Bank Debars Africa Development Professional Group

    Business
    By Business Reporter
    - November 10, 2021
    - November 10, 2021
    African Wall StreetBriefs

    The World Bank Group has announced the 21-month debarment of Africa Development Professional Group Ltd. (ADP), a Nairobi based company that provides consultancy and advisory services on management, investments, business solutions, corporate finance and business development, in connection with a fraudulent practice as part of the Somalia Capacity Injection Project.

    The debarment makes ADP ineligible to participate in projects and operations financed by institutions of the World Bank Group. It is part of a settlement agreement under which the company acknowledges responsibility for the underlying sanctionable practices and agrees to meet specified corporate compliance conditions as a condition for release from debarment.

    The project was designed to strengthen the staffing and institutional capacity of selected line ministries and central agencies to perform core government functions. According to the facts of the case, ADP recklessly omitted the disclosure of a conflict-of-interest relationship when submitting a proposal for a contract under the project, which is a fraudulent practice.

    READ; World Bank Debars Kenyan IT Firm Techno Brain & its Parent Firm Over Fraud

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