African Development Bank debars Malian company Entreprise de Construction Urbaine et Rurale
21-09-2017 07:31:00 | by: Andrea Ayemoba | hits: 4418 | Tags:

The African Development Bank Group (AfDB) on September 19, 2017, announced the debarment of Entreprise de Construction Urbaine et Rurale (ECUR) for a minimum period of three years. An investigation conducted by the AfDB’s Office of Integrity and Anti-Corruption established that ECUR engaged in a fraudulent practice in the execution of a road rehabilitation project in Mali: The company submitted a forged bank guarantee to secure an advance payment on a works contract financed by the AfDB. Upon expiry of the debarment period, ECUR shall be released provided that the company adopts and implements a code of conduct. Furthermore, ECUR’s management will be required to complete a training on corporate ethics. 

About the Office of Integrity and Anti-Corruption

The Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.

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African Development Bank staff and the general public can use the Office of Integrity and Anti-Corruption secured hotlines to report sanctionable practices within the Bank or operations financed by the Bank Group.

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