Thursday, April 30, 2026
25.7 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

TeamApt CEO says Financial Inclusion is Dependent on Reliable Payment Ecosystem

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

PalmPay Chief, Chika Nwosu: Embedded Finance is Key to Africa’s Digital Economy

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

CreditRegistry Seeks Fair Digital Payments to Build Trust, Inclusion, Economic Prosperity

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

Digital Encode CVO, Adewale Obadare at PAFON 3.0: Fintech Players Should Prioritise Trust over Speed to Counter Cyber Threats

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

P + Measurement Services Limited - (P+) has won the...

Topics

Almond Insurance Industry Awards 2023: Nominations Now Open

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

Greenpeace Ranks Top 5 SA Retailers on 100% Renewable Energy Vision

South Africa’s top five retailers (Pick n Pay, Massmart,...

GE, Bresson Plan 500MW Power Project in Nigeria

General Electric will support Bresson AS in providing Nigeria...

NCC Says It’s Not Responsible for Monitoring Social Media Content

L - R: Nafisa  Rugga, Head, Digital Media, Nigerian Communications...

P+ Hosts AMEC Measurement Month to Enlighten Communication Professionals in Nigeria

In collaboration with the International Association for the Measurement...

World Economic Forum: Sage CEO Laments Absence of Small Business Issues

CEO Stephen Kelly says small businesses still being ignored...

INEC: One Party Fails to Nominate a Single Polling Agent for Anambra Election

REMARKS BY THE HONOURABLE CHAIRMAN, INDEPENDENT NATIONAL ELECTORAL COMMISSION...

Migo, Credit Platform Raises $20m Series B Funding

Migo (formerly Mines.io), a startup reinventing the way people...
spot_img

Related Articles

Popular Categories

spot_imgspot_img