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Adeshina

AfDB: Akinwunmi Adesina Seeks Second Term
 
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Wed, 26 Aug 2020   ||   Cote d'Ivoire, Cote d'Ivoire
 

The President of the African Development Bank, Akinwumi Adesina, appealed for a second term in office after a month long allegations saga over corruption and poor governance that halted after being cleared in an independent probe.

In a discourse at the AfDB’s annual meetings today, Adesina formally requested a second term as president, asserting that he was “doing it with an acute sense of duty and commitment.

“I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me,” he mentioned, according to a statement issued in French.

Adesina’s reappointment on Thursday while in control of the 56-year-old bank is identified a formality as he is the sole candidate.

The former Nigerian agriculture minister future looked uncertain this year when whistleblowers alleged his tenure had been marred by graft, poor management, personal enrichment and nepotism.

He was however cleared by the organization’s ethics committee, but the United States then interfered, laying a demand for an independent investigation.

A three-person outside panel, led by former Irish president Mary Robinson alongside Gambia’s Chief Justice Hassan Jallow and the World Bank’s former integrity vice president, Leonard McCarthy, carried out its own review.

According to the proceeding report, issued last month, Adesina was said to have been properly investigated and that the panel “concurs with the (ethics) committee in respect of all the allegations” against him.

Adesina, in 2015, emerged the first Nigerian to be the president of the bank- one of the world’s five biggest multilateral lenders and an important but often unseen player in economic development.

 He rose to prominence in office last year October when the AfDB secured 115 billion US dollars in funding pledges, a move that doubled its capital and cemented its triple-A credit rating.

However, his managerial style was critiqued after the bank experienced departures on his taking over.

 

 

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