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African Development Bank bans Cameroonian company for obstruction of audit

Africa’s regional development banker, African Development Bank (AfDB) has banned Cameroonian consulting firm, Centre Africain de Recherches Forestières Appliquées et de Développement (CARFAD), based in Yaoundé, for obstruction of the auditing activities conducted by the Banks Office of Integrity and Anti-Corruption.

“An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that CARFAD and Mr. [Benjamin] Tchoffo engaged in an obstructive practice by materially impeding the exercise of the Bank’s inspection and audit rights. Previously, CARFAD had been awarded a consultancy contract in the context of the Agro-Forestry Development Support Project in the Democratic Republic of Congo” the Office of Integrity and Anti-Corruption of the African Development Bank Group said.

The thorough investigation which was conducted by Mr. Mehdi KHOALI and Mr. Bouraoui JAOUADI, relates to management of funds, under the Agro-Forestry Development Support Project by CARFAD. The Agro-Forestry Development Support Project was financed under the Congo Basin Forest Fund hosted by the Bank. The debarment renders CARFAD and Mr. TCHOFFO ineligible to participate in Bank-financed projects for a period of 36 months.

 

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