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

What Nigeria’s Floundering Anti-Terror Campaign Can Learn from Ukraine’s Robot War

By Elvis Eromosele For over a decade, Nigeria has been...

Driving Africa’s Fair Energy Transition Through Technology and Innovation

  By Prof. Bart O. Nnaji Founder/Chairman Geometric Power Limited and former...

ITU: Global Dialogue on AI Governance Set for July 6 in Geneva

Artificial Intelligence is reshaping economies, societies, and daily life....

$40 Smartphones to Transform Connectivity in Nigeria: Are Networks Ready?

At Mobile World Congress 2026, the GSMA and the...

NLNG Train 7 Delivers 70 New Talents to Nigeria’s Oil, Gas Industry

Some graduands of the NLNG Train 7 Project Human...

Topics

African Alliance: ‘Business Continuity Process Drives Performance Post-Pandemic’

The management of African Alliance Insurance Plc said the...

BNI Nigeria Hosts 2021 National Business Conference on Sept 10

In its mission towards revamping of businesses post Covid19...

NLNG Unveils New Logo in Rebranding Move

Nigeria LNG Limited (NLNG) has unveiled a new logo...

Lufthansa Reports €15bn Revenue in 1st Half 2016

Lufthansa reported that total group revenue for the first...

TotalEnergies Reports $10bn Income in Q3 Driven by LNG Business

TotalEnergies has strengthened its balance sheet and doubled its...

Polaris Bank: Positioning for Digital Leadership, Market Dominance-CEO

Leading digital financial institution, Polaris Bank Limited has assured...

CBN Debunks Report on BDC Recapitalisation Deadline

The Central Bank of Nigeria (CBN) has debunked a...

Brokers Initiate 10-Year Strategic Plan

L-R Council member, Nigerian Council of Registered Insurance Brokers...
spot_img

Related Articles

Popular Categories

spot_imgspot_img