General

African Develoment Bank investigates its president Adesina

 

AfDB’s decision comes as the outcome of a meeting by its Bureau of Board of Directors on Thursday.

 

 

 

The agreement to privately review Adesina’s conduct comes on the heels of a call by the United States, pressing for an independent probe into charges by whistle-blowers.

 

 

 

These charges which had been declared as unfounded by an internal inquiry, include alleged embezzlement and favouritism under Adesina’s watch, a situation which puts some pressure on the bank’s president who is bidding for a second five-year term.

 

 

 

Some African leaders have pledged to support Adesina, and have kicked against the probe, saying that the call negates the ethics of the AfDB.

 

 

 

But at the end of its meeting on Thursday, the Bureau of Board of Governors issued a communiqué, agreeing with the U.S and authorizing an independent review of the ethics committee’s report.

 

 

 

The communiqué was signed by the Chairperson of the Bureau of the Boards of Governors, Niale Kaba.

 

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