President, African Development Bank exonerate of wrongdoings

An Independent Review Panel has exonerated the President of the African Development Bank Akinwumi Adesina, of any ethical wrongdoings.

The panel was set up by AfDB Bureau of Governors, following a complaint by the United States.

It reviewed the process by which two previous organs of the Bank – Ethics Committee of the Board and Bureau of the Board of Governors – previously exonerated Adesina.

Former and serving African heads, led by ex-Nigerian leader, Olusegun Obasanjo, declared support for Adesina.

In January, sixteen allegations of ethical misconduct were leveled against Adesina by a group of whistleblowers.

But after a review, the Bank’s Ethics Committee, in March, described the allegations as “frivolous and without merit.

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