AfDB Defies US, Forecloses Fresh Investigation of Adesina

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SWITZERLAND, JUNE 05 – The Bureau of the Board of Governors of African Development Bank (AfDB), on Thursday, foreclosed the possibility of reopening the probe of the bank’s President, Dr Akinwumi Adesina.

Regarded as one of the shining examples of sterling African leadership, Adesina is currently battling to retain his position because of a fresh demand for his investigation from the United States of America.

Right after it appeared that Adesina was going to be re-elected unopposed at the next Annual General Meeting(AGM) of the AfDB group, the US Secretary of Treasury, Steven Mnuchin wrote to the chairman of the bank’s board of governors, Mrs Kaba Niale, demanding for a fresh ‘independent’ investigation of the president with regards to allegations made against him by some whistleblowers. 

Many people see the US demand as unnecessary interference in African matter and a manifestation of the legacy of Western Imperialism.

President Buhari has declared his support for the embattled bank boss

At a meeting on Thursday, the AfDB board declared that an independent investigation was not required as demanded the United States of America and upheld the decision of the Ethics Committee in favour of Adesina.

Instead, an independent reviewer will take a look at the process by which the Ethics Committee reached its determination on Adesina’s behalf.

The secretariat concluded that the Board of Governors had fully fulfilled its obligations in accepting the findings of the Ethics Committee in accordance with the said Resolution.

In a communique signed by Chairperson of the Bureau of Government, Ms Niale Kaba, “the Bureau agrees to authorise an Independent Review of the Report of the Ethics Committee of the Boards of Directors relative to the allegations considered by the Ethics Committee and the submissions made by the President of the Bank Group thereto in the interest of due process.

“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.

“It also decided to embark on an independent comprehensive review of the implementation of the Bank Group’s Whistle-Blowing and Complaints Handling Policy should be conducted with a view to ensuring that the Policy is properly implemented, and revising it where necessary, to avoid situations of this nature in the future within a three to six month period and following the independent review of the Ethics Committee Report.

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