Wednesday, November 19, 2025
24.5 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

Hot this week

Unity Bank MD Tasks Youths on Savings Culture at World Savings Day

Mr. William Odigie in a photo session with some...

The Emirates A350 Makes Flypast Debut at 2025 Dubai Airshow

  Making its first-ever appearance in aerial formation, the Emirates...

Fidelity Bank Boosts Gymnastics Dev with Gymfest Championship 2.0 Sponsorship

L-R: Head Coach, Tee Tumblers Gymnastics Club & Lagos...

Cancer Care: Polaris Bank Celebrates with C.O.P.E on 30 Years of Hope, Impact, Partnership

L-R: Bukola Oluyadi, GH, Customer Expweience & Value management,...

Topics

5G to Contribute $2.2tr to Global Economy by 2034

According to a new report ‘The Mobile Economy 2020’ by GSMA...

CBN Targets N500-to-Dollar Exchange Rate

The Central Bank of Nigeria is subtly pushing...

Nigeria Showcases Local Content Success Story at 2025 Namibia Conference

Nigeria’s local content successes in the oil and gas...

Tinubu Commissions WAGL’s 40,000 CBM LPG Vessel in South Korea

Dignitaries at the naming ceremony of the 40,000 cubic...

Chubb Estimates $1.4bn in Q2 Global Losses Tied to Coronavirus

Chubb’s disclosure of second quarter 2020 global net catastrophe...

Towards Curtailing Protein Deficiency in Nigeria 

The challenge of providing good nutrition is global. In...

Sanlam General CEO, Bode Opadokun, Wins 2023 CEO Today Africa Award

The CEO Today Africa Awards celebrates exceptional leaders who...

Ecobank Nigeria Holds 2nd Virtual Graduation Ceremony for Batch 8 Trainees

For the second time in two months, Ecobank Nigeria has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img