exonerated the President of the African Development Bank (AfDB), Akinwumi
Adesina, of any ethical wrongdoings.
Governors, following a complaint by the United States.
previous organs of the Bank – Ethics Committee of the Board and Bureau of the
Board of Governors – previously exonerated Adesina.
by ex-Nigerian leader, Olusegun Obasanjo, declared support for Adesina.
Robinson, former President, Republic of Ireland and ex-United Nations High
Commissioner for Human Rights; Chief Justice of the Supreme Court of Gambia,
Hassan B. Jallow; and Leonard F. McCarthy, former Director of Public
Prosecutions and ex-Head, Directorate of Special Operations of South Africa.
ethical misconduct were levelled against Adesina by a group of whistleblowers.
Committee, in March, described the allegations as “frivolous and without
by the apex Bureau of the Board of Governors in May.
states that it “concurs with the (Ethics) Committee in its findings in respect
of all the allegations against the President and finds that they were properly
considered and dismissed by the Committee.”
President’s submissions on their face and finds them consistent with his
innocence and to be persuasive.”
COVID-19: Nigerian govt reveals decision on lockdown in 11 Lagos, Kano
Governors of the Bank to re-elect Adesina to a second five-year term as
President during annual meetings of the Bank scheduled for August 25 – 27.
Nigeria, was awarded the prestigious World Food Prize in 2017 and the Sunhak
Peace Prize in 2019 for global leadership in agriculture and for good
offices in several African nations to get closer to its clients.
that has attracted $79 billion in investment interests into projects in Africa
between 2018 and 2019.
campaign that culminated in the Bank’s shareholders raising the institution’s
capital from $93 billion to $208 billion, in October 2019.
and Fitch Ratings affirmed the ‘AAA’ rating of the AfDB, with stable outlook.
$10 billion crisis response facility to boost African nations’ ability to
tackle the health and economic effects of COVID-19.