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

NGX Group Chair, Umaru Kwairanga, Earns Fellowship of Capital Market Academics of Nigeria

ACCEPTANCE SPEECH AT THE CONFERMENT OF FELLOWSHIP OF CAPITAL...

NHEA 2026 Honours Nigeria’s Finest as FG Reaffirms Commitment to Healthcare Transformation

NHEA 2026: (L-R) Dr. Wale Alabi, NHEA Project Director;...

NAICOM, NCRIB, NCC, NLNG, Guinea, Stanbic IBTC Holding, Leadway, Universal, Others Drum Support for SUPERNEWS Confab July 7

Bluechip firms, government agencies and reputable organisations from various...

NCC Chief, Aminu Maida, is Special Guest of Honour at Business Journal Fintech & Financial Inclusion Roundtable 2026

Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC)...

Topics

Royal Exchange General Insurance Rebrands, Unveils New Identity, Promises Better Deal for Policyholders

Royal Exchange General Insurance Company (REGIC), one of Nigeria’s...

NCC, CBN to Tighten SIM Card Swap Process

The Central Bank of Nigeria (CBN) and the Nigerian...

FRAUD ALERT! First Bank SMS System Hacked by Fraudsters

Hackers have successfully infiltrated the internal SMS system of...

The Global Airlines Financial Monitor: May 2017

Global airline share prices performed strongly in May,...

Consolidated Hallmark Insurance Unveils IfYouLoveItInsureIt Media Campaign

  Mr. Eddie Efekoha Group Managing Director/CEO CHI Plc Consolidated Hallmark Insurance (CHI)...

BudgIT Queries $10bn Rise in Nigeria’s Public Debt Stock

BudgIT has chosen to express an opinion on the...

Bitcoin Excites Africa’s Youth

Seeing a significant growth in digital currency transactions on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img