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
spot_img

Hot this week

Nigeria’s Private Sector Launches Gender Country Program to Unlock Inclusive Growth

Senior government officials, regulators, development finance institutions and business...

SERAP Sues INEC over ‘Failure to Probe Alleged N800bn FAAC Diversion for Campaign Funding’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit...

PTAD: Harmonisation Reforms Designed to Advance Pension Equity

The Pension Transitional Arrangement Directorate (PTAD) says implementation of...

How Babies N’ Stuffs is Building the Future of Parenting Commerce in Nigeria

Nigeria's baby products industry is undergoing a quiet transformation. Driven...

NGX Leadership Engages Global Community on T +1 Policy to Strengthen Nigeria’s Capacity to Attract FDI

Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX)...

Topics

Izombe Arson: Uzodinma’s Silence Shocking – Dr. Duru

Public Relations expert and communications consultant, Dr. Walter Duru...

9mobile Seeks Partnership with Cross River State to Accelerate Development, Growth in the State

L-R: Commissioner of Finance, Cross River State, Mike Odere;...

Stanbic IBTC Bank Champions Economic Growth Through Strategic Partnership with AfDB

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings...

CashlessAfrica Expo 2017 for March 22

The CashlessAfrica expo gathers more than 35 speakers and...

Winners Emerge at Sovereign Trust Insurance Table Tennis Tourney

The Grand Finale of our eponymous Table Tennis Tournament...

Editors to Lay Plaza Foundation March 1

The foundation stone laying ceremony for the multi-purpose Editors’...

Skye Bank to Polaris Bank: Another Fake Promise?

When the Central Bank of Nigeria (CBN) sacked the...

LIRS Boss, Ayodele Subair, Bags Vanguard’s Public Sector Icon Award

L-R: Mrs. Enonuya Angela- Assistant Director, Personal Income Tax,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img