AFDB launches independent investigation into its President


Lagos – The African Development Bank (AfDB) on Thursday evening announced the launch of an independent investigation into allegations of prevarication against its president, Akinwumi Adesina, the only candidate for re-election to a new term.

The Abidjan-based pan-African development institution finally gave in to the demands of the United States, which was not satisfied with the internal investigation that had totally exonerated Adesina from serious accusations made by a group of “whistleblowers” such as “unethical behaviour, personal enrichment and favouritism”.

“The Board (of Governors of the AfDB) agreed to authorise an independent review of the ‘whistleblowers’ “allegations” against Mr. Adesina,” according to a statement the Board’s bureau chairperson, Niale Kaba, made at the end of a new meeting of the Board’s bureau on Thursday.

Adesina, who was elected in 2015 to head the AfDB, one of the world’s five major multilateral development banks, has been the subject of a lot of embarrassing accusations since the beginning of the year, which were disclosed in the press in April.

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