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JUST IN: Akinwunmi Adesina re-elected as AfDB boss

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Akinwunmi Adesina

Nigerian, Akinwumi Adesina has been confirmed president of the African Development Bank for a second term by the board of governors of the body on Thursday.

It was gathered that Akinwumi Adesina is the first Nigerian to hold the position and was also the only candidate in the election. He was first elected in May 2015.

Adesina told the governors on the first day of the AfDB’s annual general meetings on Wednesday that “at this Annual Meetings, I offer myself to you, our Governors, for your consideration for election for a second term, as President.

I do so, with humility. I do so with a strong sense of duty and commitment and a call to serve Africa and our Bank, selflessly, to the very best of my God-given abilities”.

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Recall that his chances of returning elected as the president were almost scuppered a few months ago when the United States authorities insisted that he must be investigated for corruption claims made by a whistleblower.

The former Nigerian agriculture minister denied any wrongdoing. He was also cleared of all allegations on multiple occasions.

Whistleblowers had accused Adesina of 20 breaches of the bank’s code of conduct, including “unethical conduct, private gain, an impediment to efficiency, preferential treatment, and involvement in political activities”.

On May 5, the ethics committee of the continental bank, headed by Takuji Yano, said in its report that Adesina was not guilty on all counts. Adesina in a statement on Wednesday also maintained his innocence.

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Unsatisfied with the committee’s report, the United States Department of Treasury called for an independent investigation.

But Nigerian authorities rose in support of the AfDB chief, with the government through its finance minister Zainab Ahmed and former President Olusegun Obasanjo rallying support for him.

In separate letters in May, Obasanjo and Ahmed, they urged AfDB to ignore calls for an independent investigation of Adesina by the US.

Obasanjo’s letter was addressed to 13 former African leaders including former presidents of South Africa, Ghana, Malawi, Tanzanian, Republic of Benin, Liberia and Tunisia.

Ahmed’s letter was directed to the chairman of the Board of Governors of African Development Bank, Kaba Niale, urging her to follow laid down processes to protect and preserve the bank.

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Obasanjo said that the call by the US for an independent investigation of Adesina “is outside of the rules, laws, procedures and governance systems of the bank.”

“The US treasury secretary disparaged the bank and ridiculed the entire governance system of the bank which has been in place since 1964,” Obasanjo said in his statement.

Ahmed also shared the same sentiment by faulting the position of the US.

“The call for an independent investigation of the president is outside of the laid down rules, procedures and governing system of the bank and its articles as it relates to the code of conduct on ethics for the president,” Ahmed wrote.





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