Corruption: FG shuts down 10 Companies

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The Federal government of Nigeria yesterday announced the closure of ten corrupt business firms doing business in Nigeria.

 Speaking during a one- day stakeholders’ workshop on the presentation of debarment procedure in Abuja, Emeka Ezeh, director-general of the Bureau of Public Procurement (BPP) listed the companies affected as follows: Scientific Energy and Environmental Management System of 23B Ijora Drive, MKO Gardens, Alausa, Ikeja, Lagos, debarred from June 17, 2013 to June 17, 2015; SNC Lavalin, C/O Aluko Oyebode, 35 Moloney Street, Lagos debarred from May 7, 2013 to April 17, 2023; Sego Ventures, 17B Canery Drive, MKO Gardens, Lagos, debarred from June 3, 2011 to August 1, 2013; Gurpreet Singh Malik, Lagos, permanently debarred since February 11, 2000. Kamal Sharda, Lagos, Sharda Impex (U.K), Lagos, Shereena Agriculture Ltd, Kano, Vikram Deepak Gursahaney, Lagos, has also been permanently debarred from February 11, 2000. Karitex Ltd was permanently debarred from February 24, 2000; and Contransimex Nig Ltd barred from May 30, 2012 to May 29, 2014.

 Eze who stated that with the debarment, the 10 companies will not be allowed do business in the country, according to their years of debarment, in addition to other sanctions that may follow, also said the measure was to ensure effective implementation of the Public Procurement Act 2007.

“For the successful implementation of the public procurement Act 2007, the bureau has developed a debarment procedure after other international good practices that currently exist elsewhere across the globe.

“The proposed debarment procedure is one of the mechanisms developed by the bureau, to punish procurement- related corrupt activities and inculcate the required discipline in Nigeria’s public procurement system”, he said.

Eze, who stated that the sanction on the companies would “ultimately improve the way to do business to meet international good practices”, also emphasized that the debarment was not new in the procurement value chain across the globe as America and some African countries such as Kenya, South Africa, Malawi, Tanzania, Turkey, Uganda, Zimbabwe, United Kingdom, Bangladesh , Denmark and Senegal, among others had been practicing the system.

“Therefore, what the bureau is trying to implement is not new, as it already exists in other climes where the public procurement law has been implemented”, he said.

The Director stated that the cardinal objective of the debarment was to ensure prevention and deterrence. He advised contractors and service providers who wish to continue doing business with the Federal Government to put in place anti-corruption mechanisms, to avoid debarment.

“If you violate any provisions of the Public Procurement Act 2007, if one offers bribe and generally misrepresents facts and lies about his capability, with a view to changing the outcome of the procurement process, one is liable to sanctions” he added.

He said debarment or sanctions were imposed on companies whose activities negated due process, or who encourage bribery and corruption in procurement processes,  contrary to the rules, as enshrined in Nigerian Procurement Act of 2007.

4 COMMENTS

  1. Bribery and corruption is not new in the system, just as companies are sanctioned for corrupt practises so also should political leaders be sanctioned.

  2. Really, the way of doing business in the country should be improved by making business and employers adhere strictly to the procurement law and face the penalty when they fail to do so.

  3. The standard of doing business in the country must be enhanced in compliance with the international good practises as obtained in other countries of the world.

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