Tuesday, June 9, 2026
30.8 C
Lagos

US Seeks Probe of AfDB’s President, Adesina over Ethics Allegations

 

The United States of America (USA) through its Department of the Treasury has written to the Board of Governors of the African Development Bank (AfDB) seeking an independent probe into allegations of ethics abuses by its president, Akinwumi Adesina.

According to the AFP, US Treasury Secretary, Steven Mnuchin expressed “deep reservations” about the outcome of an internal inquiry which recently cleared Adesina.

In the letter dated May 22, 2020 and addressed to the chair of the AfDB’s board, Ivorian Planning and Development Minister Niale Kaba, Mnuchin said:

“We urge you to initiate an in-depth investigation of the allegations using the services of an independent outside investigator of high professional standing. We fear that wholesale dismissal of all allegations without appropriate investigation will tarnish the reputation of this institution as one that does not uphold high standards of ethics and governance. This is a serious risk when we need strong confidence in the AfDB to play an influential role in the current global economic and health crisis, and when many shareholders are seeking legislative support for payments under the recently-concluded General Capital Increase.”

The allegations against Adesina emanated from whistleblowers’ 15-page report accusing Adesina of embezzlement, preferential treatment for Nigerians in senior appointments and the promotion of people suspected or convicted of fraud and corruption.

However, the bank’s ethics committee conducted an internal inquiry and dismissed the allegations against Adesina on the ground that the complaint “rested on no objective, solid facts.”

In his own reaction, Adesina described the allegations as “spurious and unfounded” and “blatantly false.”

However, in a new letter to Bank Governors, a group of anonymous “concerned staff members of the AfDB” denounced the internal probe that cleared Adesina, saying it was tainted by “irregularities and manipulations.”

spot_img
spot_img
spot_img
spot_img

Hot this week

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

REA CEO, Stakeholders to Brainstorm on Nigeria’s Energy Transition Pathway at 2026 Oriental News Conference 

The Rural Electrification Agency (REA), would be leading conversations...

Mutual Benefits Unveils New Website, Expanding Digital Access to Insurance Solutions

  New Platform Enhances Customer Experience, Enables Online Purchase...

Govt Comprehensive Secondary School, Borikiri, Crowned Champion of 2026 NLNG Science Contest

Sophia Horsfall, General Manager, External Relations and Sustainable Development,...

Topics

A New Deal on Energy for Africa—Power, Potential & Partnership

FOR THE RECORD Africa needs a new deal on energy,...

Emir of Kano Urges Nigerians to Embrace Insurance

The Emir of Kano, Alhaji Aminu Ado Bayero has...

ATCON Lists Challenges to Telecom Growth in Nigeria

The Association of Telecommunications Companies of Nigeria (ATCON) has...

Kano Massacre: The Menace of Hard Drugs, Intervention Campaign by NDLEA

By Mahmud Isa Yola On the noon of Saturday, I...

NITDA, IDC to Examine Developments in WA’s Digital Economy June 22

  The advancement of Nigeria's digital economy has been a...

Almond Insurance Industry Awards 2023: Nominations Now Open

Nominations for the 2023 Almond Insurance Industry Awards is...

CBN Assures Bank Depositors of Safety of Funds

The Central Bank of Nigeria (CBN) has noticed reports,...

iStore Unveils latest Apple iPad Pro Product

"As the home of everything Apple, iStore is proud...
spot_img

Related Articles

Popular Categories

spot_imgspot_img