A Nigerian contracting firm, Oceanic Construction and Engineering Nigeria Limited, is among 71 companies and individuals listed in the latest 2020 list of companies debarred by the World Bank and the African Development Bank (AfDB) for various infractions of their regulations.
The company was indicted for lying about its corporate registration, including its year of incorporation, value of its reference contracts, and experience of its key personnel while applying for a contract awarded to it in a joint venture operated with a Chinese affiliate, China Zhonghao Nigeria Limited.
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