Akinwumi Adesina: AfDB cedes to US’s request, initiates fresh probe

Akinwumi Adesina: AfDB cedes to US’s request, initiates fresh probe

The board of the African Development Bank (AfDB) has promised to conduct an independent investigation of its chief, Akinwumi Adesina.

This decision comes in the aftermath of the initial decline of an inquiry by the U.S. Treasury Secretary, Steven Mnuchin; to look into issues bordering on favouritism conducted internally by the lender.

AfDB initiated the probe following a pledge of support from many foreign governments for Mnuchin’s disapproval of the investigation carried out at the bank.

Adesina told the bank’s ethics committee that allegations of impropriety and fraud against him were “frivolous and not based on objective and solid facts.”

The planned probe emerges three months before the election into the AfDB’s presidency which has Akinwumi Adesina as its only candidate for a five-year term.

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Last October, 80 shareholders of the Abidjan-based bank vowed to lift its capital base to $208 billion; representing over a hundred per cent increase.

The two sources confirmed countries supporting the scrutiny to include Norway; Denmark; Finland; and also Sweden.

Mnuchin had informed the AfDB last week, that he found the integrity of the lender’s ethics committee; which conducted the earlier investigation, questionable after it vindicated Adesina.

Meanwhile, the Presidency has declared as untrue and fake news, a media report that President Muhammadu Buhari had ordered the cancellation of 150 memos and appointments signed by his former Chief of Staff, late Abba Kyari.

This declaration is contained in a statement issued by Malam Garba Shehu; the President’s Senior Special Assistant on Media and Publicity on Tuesday, May 26, in Abuja.

Specifically, Garba urged Nigerians to ignore the media report; as those behind it did not wish the nation well.

The statement reads: “The attention of the Presidency has been drawn to media reports alleging that President Muhammadu Buhari has cancelled a number of memos and appointments signed off by his former Chief of Staff.

“Not surprisingly, these reports have quoted unnamed sources.

“There is not a grain of truth in these reports and Nigerians should please ignore the insinuations behind them.

“President Buhari was duly re-elected by Nigerians in February 2019.

“He has not and will never cede to anyone else, that power and trust given to him by the Nigerian people.’’

About The Author

Mayowa Oladeji

A writer with a keen interest in human stories and topical issues around the world. mayowa.oladeji@1stnews.com

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