- The African Development Bank Group bans Lutoyilex Construct Limited, a construction and its Managing Director, Mr. Bamidele Obiniyi for 3 years.
- AfDB says the debarment qualifies for cross-debarment by other multilateral development banks such as the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
- This is the third Nigerian company to be flagged by the African Development Bank in 2019 for numerous fraudulent acts.
The African Development Bank Group has banned Lutoyilex Construct Limited, a construction company registered in Nigeria and its Managing Director, Mr. Bamidele Obiniyi (also known as Mr. Bamidele Abayomi) for 36 months.
