The African Development Bank Group today announces the 20 months debarment of IYA S.A.R.L. with conditional release, requiring the company to complete an integrity compliance program. IYA S.A.R.L. is a construction company registered in the Republic of Mali.
An investigation conducted by the Office of Integrity and Anti-Corruption of the African Development Bank Group established that, in the context of the tender for the construction of electricity infrastructure under the Guinea-Mali Electricity Interconnection Project ("the PIEGM Project"), IYA S.A.R.L. committed a Fraudulent Practice.
The PIEGM Project is designed to contribute to the reinforcement of electrical energy exchanges between the countries of the West African sub-region and in particular, between Guinea and Mali, and to promote the socio-economic development of both countries through increased access of the population to high-quality, low-cost electricity.
During the debarment period, IYA S.A.R.L. and its affiliates will not be eligible to participate in Bank Group-financed activities.
At the expiry of the debarment period, IYA S.A.R.L. will only be eligible to resume participation in African Development Bank Group-financed activities upon evidence of satisfactory completion of an integrity compliance program consistent with the Bank's guidelines.
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.
For more information visit https://www.afdb.org/en/about-us/organisational-structure/integrity-and-anti-corruption/
African Development Bank staff and the public can use secured channels of the Office of Integrity and Anti-Corruption to report sanctionable practices within the Bank or in operations financed by the Bank Group.
Secured telephone: +1 (770) 776-5658
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Secured email address: [email protected]
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