Akinwumi Adesina, a Nigerian national has been re-elected as the President of the African Development Bank President on Thursday.
He was elected via electronic voting on Thursday, Day 2 of the 55th Annual Meetings and the 46th meetings of the Board of Governors of the African Development Fund, which started on Wednesday 26 August, 2020.
The meeting is being held virtually for the first time, to comply with the COVID-19 pandemic related social distancing guidelines.
Nigeria almost doubled its voting rights in the African Development Bank to 16.8% ahead of this meeting.
Adesina will now spend another five-year as the president of AfDB, managing and supervising the affairs of the bank.
In July, an independent panel backed an African Development Bank probe that in May said it found no evidence of wrongdoing by Adesina, 60, clearing the way for his bid to seek re-election as head of the continent’s biggest multilateral lender.
Adesina, the first Nigerian to hold the post, was first elected for a five-year term on May 28, 2015, by the Bank’s Board of Governors during that year’s Annual Meetings held in Abidjan, Côte d’Ivoire.
Written by;
Ifunanya Ikueze
