Top Nigerian Banker Akinwumi Adesina Cleared After Corruption Probe

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Top Nigerian Banker Akinwumi Adesina Cleared After Corruption Probe

The president of the African Development Bank (AfDB) has been cleared of corruption charges after a review by an independent panel.

https://www.bbc.com

 

The US, one of the bank’s biggest shareholders, insisted on a new inquiry in April after an internal review cleared Akinwumi Adesina.

https://www.bbc.com

 

Whistleblowers had accused the Nigerian of giving contracts to friends and appointing relatives at the bank.

Mr Adesina is set to be re-elected for another five-year term in August.

 

The president of the African Development Bank (AfDB) has been cleared of corruption charges after a review by an independent panel.

The US, one of the bank’s biggest shareholders, insisted on a new inquiry in April after an internal review cleared Akinwumi Adesina.

Whistleblowers had accused the Nigerian of giving contracts to friends and appointing relatives at the bank.

Mr Adesina is set to be re-elected for another five-year term in August.

The panel of three experts was made up of Ireland’s ex-President Mary Robinson, Gambian Chief Justice Hassan Jallow and Leonard McCarthy, formerly the World Bank’s integrity vice-president.

They backed the findings of the bank’s ethnic’s committee, which cleared Mr Adesina of all charges alleged by the whistleblowers in January.

“The panel concurs with the committee in its findings in respect of all the allegations against the president and finds that they were properly considered and dismissed by the committee,” their report concluded.

The report is a rebuff to US Treasury Secretary Steven Mnuchin, whose rejection of the committee’s original review led to their inquiry, the Bloomberg news agency reports.

Besides the core 54 African countries, the US is one of the 27 non-regional members of the AfDB and its second largest shareholder.

The bank finances projects in agriculture, health, energy, education, transport and other development sectors in Africa.

 

Top Nigerian Banker Akinwumi Adesina Cleared After Corruption Probe

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