FG Moves to Save Adesina’s Job, Rejects Fresh Investigation

The federal government has intervened to checkmate a plot by the United States and other non-African shareholders of the African Development Bank (AfDB) to deny the multilateral agency’s President, Mr. Adesina Akinwunmi, a tenure renewal.
Nigeria rejected the US’ call, already supported by Norway, Denmark, Sweden and Finland, for an independent panel to probe allegations of wrongdoing against Adesina by some bank staff, after AfDB president had been cleared by the bank’s authorities.
Nigeria’s former president, Chief Olusegun Obasanjo, also weighed in on the issue, urging former African heads of government to intervene to save Adesina’s job.
The board of the bank has also clarified that Adesina has not been asked to step aside and dismissed reports of a governance crisis in AfDB.
In a letter addressed to the Chair of the Board of Governors of AfDB, Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said the fresh investigation being demanded by the US and its allies was outside the laid-down rules, procedures and governing system of the bank and its Articles as they relate to the Code of Conduct on Ethics for the president.
In the letter entitled: “Re: Ethics Committee report and decision of the Chair of the Board of Governor on whistleblowers allegations against the president of the bank,” Ahmed said Nigeria had been closely following the matter, including the conclusion and submission of the formal report of the Ethics Committee and the decision of the Chair of the Board of Governors, Minister Kaba Niale of Côte d’Ivoire.
According to her, the federal government welcomes the conclusion of the Ethics Committee and the decision of the Chair of the Board of Governors that cleared Akinwunmi.
Ahmed said: “The Ethics Committee has conducted and completed its work following the rules, laws, procedures and guidelines as laid down by the Resolution of the Board of Governors. That resolution calls for the Ethics Committee to submit its report, and supporting documents, to the Chair of the Board of Governors.
“The Chair of the Board of Governors followed the laid-down rules, procedures, guidelines, and the governing laws of the bank, and ruled appropriately that she concurred with the report and conclusion of the Ethics Committee that dismissed all allegations against the president.

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