Kenyan ADP blacklisted by world bank for fraudulent practices during a project in Somalia.
The World Bank has blacklisted a Kenyan consulting firm that has carried out several multi-million dollar projects for major government agencies for fraud.
The multilateral lender said an investigation conducted by its anti-corruption unit found that the Nairobi-based African Development Specialist Group (ADP), which it claims will provide ” management services, investment, solution consulting and consulting in corporate finance, corporate finance and business development” Engaged in fraudulent practices in a project funded by a bank goods in Somalia.
ADP and its affiliates have been banned for 21 months and will not be eligible to participate in any World Bank-funded projects during this time.
“The Somalia project is designed to strengthen the human and institutional capacities of selected ministries and central agencies to carry out key government functions,” the World Bank said in a statement. declare.
The intervention also qualifies for cross-intervention by other multilateral development banks under the Mutual Application Agreement in intervention decisions, including the Asian Development Bank, the Reconstruction Bank, and the Reconstruction Bank.
European Development, Inter-American Development Bank and African Development Bank (AfDB).
Financial institutions, most of which are owned and funded by the government, have tried to prevent corruption in their projects amounting to billions of dollars a year.