AfDB Caves In To US Pressure, Agrees External Review Of Adesina’s Probe

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The bureau of the board of governors of African Development Bank (AfDB) has agreed to an external review of an investigation that found no evidence of wrongdoing against its president, Akinwunmi Adesina.

The development comes despite the board’s pledge of support to Adesina after the initial investigation that certified him clean.

The initial investigation that absolved Akinwunmi of wrongdoing was carried out by the ethic committee of the bank following a whistle blower’s allegation levelled against him.

In a communique signed by Niale Kaba, chairperson of the bureau of the board of governors, the bureau said it has agreed to authorise an independent review of the committee’s report in the interest of due process and the “need to carry every governor along in resolving it”.

“The bureau reiterates that it agrees that the ethics committee of the board of directors performed its role on this matter in accordance with the applicable rule under resolution B/BG/2008/11 of the board of governors,” the communique read.

“The independent review shall be conducted by a neutral high calibre individual with unquestionable experience, high international reputation and integrity within a short time period of not more than two to four weeks maximum, taking the bank group’s electoral calendar into account.

Recall that The US had demanded an independent probe of the allegations after the ethics committee cleared Adesina.

In a letter signed by Steven Mnuchin, its treasury secretary, the US government said it had ” deep reservations about the integrity of the committee’s process”.

The AfDB bureau also said it has agreed to an “independent comprehensive review of the implementation of the bank group’s whistle-blowing and complaints handling policy” within a three to six month period after the review of the ethics committee report.

This, it said, would ensure that the whistleblower policy is “properly implemented and revising it where necessary to avoid situations of this nature in the future”.

The US, a foreign stakeholder, had alleged that Adesina awarded contracts to friends and relatives among other offences.

But several stakeholders, including 15 ex-presidents of African countries, have voiced their support for Adesina.

Former President Olusegun Obasanjo last week rallied support for Adesina and the sitting president, Muhammadu Buhari, has also assured Adesina of his support.

The African Development Bank is the largest multilateral lender on the continent. Adesina has denied all the allegations levelled against him but a result contrary to the initial one may jeopardize his second-term dream.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

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