AFDB Board of Governors Set To Probe Bank President, Adesina

The Bureau of Board of Governors of the African Development Bank Group has commissioned an independent investigation of the allegations against the President of the Bank, Akinwumi Adesina.

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Akiwumi Adesina of African Development Bank

This decision was made after the US government expressed “deep reservations about the integrity of the committee’s process” and demanded an in-depth investigation into the allegations against Mr Adesina by an independent investigator. The ethics committee of the continental bank, headed by Takuji Yano, had earlier said in its report that Mr Adesina was not guilty on all counts. The allegations that Mr Adesina violated the code of conduct of the institution were described as “spurious and unfounded”.

Th ethics committee promises that the independent review shall be conducted by a neutral high calibre individual with unquestionable experience, high international reputation, and integrity within a short time period of not more than two to four weeks maximum, taking the Bank Group’s electoral calendar into account.

The AfDB President is yet to react to the latest decisions by the Board of Governors. He has however repeatedly denied any wrongdoing; stating that the 16 allegations made against him were baseless “and without facts, evidence, and documents, as required by the rules and regulations of the bank.

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