Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,553 members, 7,847,303 topics. Date: Saturday, 01 June 2024 at 03:03 PM

Corrupt Firms Barred From Business In Nigeria - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Corrupt Firms Barred From Business In Nigeria (20425 Views)

CBN Averts Closure Of 200 Manufacturing Firms Through Forex Access / Emeka Offor, Abike Dabiri’s Firms, Others Owe Banks N143.81bn / Will Large Firms/organisations Consider Proposals From Business Name Companies? (2) (3) (4)

(1) (2) (Reply) (Go Down)

Corrupt Firms Barred From Business In Nigeria by awodman: 6:36pm On Jul 16, 2013
The Federal Government made what appears to be its first major breakaway from dubious state contractors Monday, when it barred 10 companies from doing business in the country, following their alleged corrupt practices.

The measures announced amid last week’s release of the Transparency International Corruption Index report which suggests a worsening corruption trend in the country, dated back the penalties to as far back as the year 2000.

The affected companies are 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.

Emeka Ezeh, director-general of the Bureau of Public Procurement (BPP), made this known in Abuja, at a one- day stakeholders’ workshop on the presentation of debarment procedure.

Ezeh said the move 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.

Ezeh said the step would “ultimately improve the way to do business to meet international good practices”. He said the process was not new in the procurement value chain across the globe but had been implemented by other countries, even in Africa.

Ezeh said that the U.S. debarment process was among the oldest and its grounds included anti-trust, tax evasion, false statements and bribery in procurement related activities.

He listed the countries that had established their own systems as Kenya, South Africa, Malawi, Tanzania, Turkey, Uganda, Zimbabwe, United Kingdom, Bangladesh , Denmark and Senegal, among others.

“In 2007, Nigeria also adopted cross-debarment system in the case of Messrs Lahmeyer International, which was debarred by the World Bank”, he said.

He said the Federal Government, through the Secretary to the Government of the Federation circular No. SGF/CP/I/5.3/VII/814 of January 19, 2007 concurrently debarred Messrs Lahmeyer international in Nigeria.

“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.

With this 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.

The ban on the companies was prompted by the report from both the World Bank and the Inter-American Development Bank Group.

Corruption is endemic in the country, cutting across the social strata of the society and ranging from the monumental fuel subsidy scam, to a massive scam uncovered in the pension administration. Senior government officials have also been named in brazen corrupt practices.

Transparency International in its 2012 Corruption Index said Nigeria is highly corrupt, being the 35th most corrupt nation in the world.

A breakdown of the barred companies shows 10 were barred by the World Bank and the remaining three by the Inter-American Development Bank Group.

Ezeh said the key objective of the debarment procurement 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.

Ezeh said “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 said debarment or sanctions were usually placed on companies doing businesses without recourse to due process, or for encouraging bribery and corruption in procurement processes, which negate the rules, as enshrined in Nigerian Procurement Act of 2007.


http://businessdaynigeria.com/fg-bars-10-corrupt-firms-doing-business-nigeria

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by Tolexander: 6:43pm On Jul 16, 2013
Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in

19 Likes

Re: Corrupt Firms Barred From Business In Nigeria by halfcurrent(m): 6:51pm On Jul 16, 2013
Tolexander: Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in

Totally agree!! you said it all
Re: Corrupt Firms Barred From Business In Nigeria by AkinDavid2: 7:01pm On Jul 16, 2013
What stake or interest do they really have or control in the country?
Re: Corrupt Firms Barred From Business In Nigeria by solomon111(m): 7:08pm On Jul 16, 2013
Tolexander: Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in
And you know this because?
I wonder why people like you have not been sued by the FG.

6 Likes

Re: Corrupt Firms Barred From Business In Nigeria by Enegod(m): 7:19pm On Jul 16, 2013
Tolexander: [s]Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in
[/s]
what a senseless comment!!!

6 Likes

Re: Corrupt Firms Barred From Business In Nigeria by Policewoman(f): 7:40pm On Jul 16, 2013
NA MOSTLY INDIAN COMPANIES SEF cool cool cool cool cool cool cool

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by vizboy(m): 7:42pm On Jul 16, 2013
Good move by the FG

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by seunfly: 7:42pm On Jul 16, 2013
solomon111: And you know this because?
I wonder why people like you have not been sued by the FG.
Sentiment apart, if u re close to civil service, u will knw that what he wrote may be true. However i can't base my judgement on probability but what he wrote up there is a very common thing in civil service.
Re: Corrupt Firms Barred From Business In Nigeria by redcliff: 7:43pm On Jul 16, 2013
[size=14pt]i dont want to read. Is HemtyHen Among?[/size]

2 Likes

Re: Corrupt Firms Barred From Business In Nigeria by phaya(f): 7:44pm On Jul 16, 2013
Enegod: what a senseless comment!!!


Y will u say so?? Give us your own reasons
Re: Corrupt Firms Barred From Business In Nigeria by Super1759: 7:44pm On Jul 16, 2013
odiegwu, government agencies want increase in their " pure water money"
undecided undecided undecided undecided undecided undecided
Re: Corrupt Firms Barred From Business In Nigeria by Agimor(m): 7:48pm On Jul 16, 2013
Tolexander: Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in
If you don’t have any thing reasonable to post why don't you just ignore and scroll to the next top. I can see you are just a mischievous individual with know sense of belonging.

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by gramci: 7:48pm On Jul 16, 2013
Tolexander: Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in

ITK
Re: Corrupt Firms Barred From Business In Nigeria by omanifrank(m): 7:52pm On Jul 16, 2013
just imagine
Re: Corrupt Firms Barred From Business In Nigeria by Enegod(m): 7:55pm On Jul 16, 2013
phaya:


Y will u say so?? Give us your own reasons
read the post again and tell me exactly
what u undestd
Re: Corrupt Firms Barred From Business In Nigeria by Twy: 8:01pm On Jul 16, 2013
I will acutally say the list is controversial because I am aware of the method used. It is basicaly not a local method but a World Bank standard procesure method, in which the bank basically give Nigerian agencies loans at a low interest rate and basically dictates the procedures of the disbursement of these loans. Those companies likely violated one of the sections or codes in the World Bank operating procedure. I will like the BPE to generate a Nigerian procedure to sanction not debar agencies for first violation because in my experience both the federal agency and the contractor are culpable for one infraction or the other. Secondly to find measure for federal government to follow the local standard procedures.

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by ceejay80s(m): 8:01pm On Jul 16, 2013
FG = KETTLE CALLING POT BLACK

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by blackbeau1(f): 8:09pm On Jul 16, 2013
The truth is Fg hates competition. They hold a monopoly on corruption

4 Likes

Re: Corrupt Firms Barred From Business In Nigeria by Capnd143(m): 8:14pm On Jul 16, 2013
Nigerian youths are dead inflicted with ignorance, if govt fights corruption, the will complain, if the refuse to the will complain, though i knw the Gej govt hasnt done well in the fight against corruption, bt i think every little effort should be encouraged
Re: Corrupt Firms Barred From Business In Nigeria by Gombs(m): 8:20pm On Jul 16, 2013
Tolexander: Corrupt?

Pretty sure that those are the firms that didn't and refused to bribe their ways in

Y do you guys just hate anytin GEJ's govt comes up with? Just read d horsepoo you posted!...so BPP chose dose companies because 'dey refused to bribe their way in'?


Dude, tot you were smarter dan this level na, you jst cleared my doubts

2 Likes

Re: Corrupt Firms Barred From Business In Nigeria by Vicotex(m): 8:30pm On Jul 16, 2013
how this 1 take change our current situation
Re: Corrupt Firms Barred From Business In Nigeria by segzicres(m): 8:51pm On Jul 16, 2013
Waht that guy saif about bribe might be right. Most of yall work for someone do it may be hard to believe. If u run ur own company you have to bribe every step of the way. Even gateman you go bribe
Re: Corrupt Firms Barred From Business In Nigeria by erico2k2(m): 8:58pm On Jul 16, 2013
solomon111: And you know this because?
I wonder why people like you have not been sued by the FG.
Guy be wise and divert ur Energy into something useful, did you bother to check the addresses of the said companies? MKO Abiola Gdns is a residential Estate, so def something fishy is going on.Most of these companies are dormant and they where means of swindling monies.

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by Tolexander: 9:03pm On Jul 16, 2013
solomon111: And you know this because?
I wonder why people like you have not been sued by the FG.

Re: Corrupt Firms Barred From Business In Nigeria by Nobody: 9:08pm On Jul 16, 2013
Good move is a shame dat people can be so greedy.
Re: Corrupt Firms Barred From Business In Nigeria by Tolexander: 9:13pm On Jul 16, 2013
Agimor: If you don’t have any thing reasonable to post why don't you just ignore and scroll to the next top. I can see you are just a mischievous individual with know sense of belonging.
[size=16pt]lobatan!

hun hun!

that's all!
[/size]
Re: Corrupt Firms Barred From Business In Nigeria by Burger01(m): 9:16pm On Jul 16, 2013
sad
Re: Corrupt Firms Barred From Business In Nigeria by ZACHIE: 9:26pm On Jul 16, 2013
GEJ government is a fraud!!! it is the worst thing that ever happened anti-corruption fight.
The bulk of those debarred companies the idiota are claiming responsibility for were debarred by the World Bank.
most of those companies have since registered other trade names and have won good contracts and are subsisting till date.
i once worked with 2 of those companies on client/customer basis and i can tell you pointedly that the debarring started during Abacha days.
this is a travesty of information and i find this sickening
GEJ may as well blind his eyes to corruption for the remaining 2years ahead

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by omenka(m): 9:38pm On Jul 16, 2013
I bet Bode George, Anenih and Alams would be laughin their asses out over the sheer scale of this joke.
Re: Corrupt Firms Barred From Business In Nigeria by ABsI1: 9:45pm On Jul 16, 2013
solomon111: And you know this because?
I wonder why people like you have not been sued by the FG.
theyve not bn sued because d no focus fg led by a clueless jeg are yet to locate ur yeye blockhead

1 Like

Re: Corrupt Firms Barred From Business In Nigeria by ABsI1: 9:49pm On Jul 16, 2013
Agimor: If you don’t have any thing reasonable to post why don't you just ignore and scroll to the next top. I can see you are just a mischievous individual with know sense of belonging.
kpele o mr senseless of belonging.dats how u will be looking like lukman

1 Like

(1) (2) (Reply)

Ever Been Disappointed By An ATM Machine? Share Your Experiences / Online Help And Trust Betrayal: How A Young Girl Defrauded Me. / Brand New ABB Transformers For Sale

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 47
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.