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    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Oil prices surge as US-Iran tensions reignite

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    Oil prices surge as US-Iran tensions reignite

    Oil prices surge as US-Iran tensions reignite

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

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    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

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Home News Africa

Independent panel clears African Development Bank’s President, Akinwumi Adesina of wrongdoing

Tuesday, 28 July 2020, 8:30 pm
in Africa, News
0
Independent panel clears African Development Bank’s President, Akinwumi Adesina of wrongdoing
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An independent panel, led by former Irish President Mary Robinson, has backed an African Development Bank probe that found no evidence of wrongdoing by its president, Akinwumi Adesina. This paves the way for him to seek a second term in office, his first term ends on August 31 and he is expected to run unopposed.

Whistleblowers had in January accused Adesina of abuses of office including favouritism in hiring fellow Nigerians, and giving out overly generous severance packages, allegation he had denied.

Read also; South Africa gets $288 million loan from African Development Bank

A report by the bank’s ethics board in April had cleared Adesina of the allegations, but the United States, AfDB’s second-largest shareholder, rejected the internal investigation and demanded an independent panel review the case.

The United States pushed for the original decision to be reviewed over reservations about the integrity of the bank’s process. This had put it at odds with the Nigeria, the bank’s largest shareholder, which had voiced support for Adesina.

The Mary Robinson led panel said in conclusion that the allegations against Adesina “were properly considered and dismissed by the Committee”.

Written by;

Nnamdi M.

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