Fraud: AfDB suspends Nigerian firm Maxicare for 3 years

Fraud: AfDB suspends Nigerian firm Maxicare for 3 years

Fraud: AfDB suspends Nigerian firm Maxicare for 3 years The African Development Bank Group (AfDB) has slammed a 36-month debarment on Maxicare Company (Nigeria) Limited. In a statement titled ‘African Development Bank debars Maxicare Company (Nigeria) Limited for 36 months for collusive and fraudulent practices’, it said this took effect from 23 February 2021. It stated that Maxicare Company was a limited liability company registered in Nigeria. The statement said, “An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Maxicare Company (Nigeria) Limited engaged in collusive…

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