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AfDB Launches Independent Investigation into its President

The African Development Bank (AfDB) announced Thursday evening, the launch of an independent investigation into allegations of prevarication against its president, Nigerian Akinwumi Adesina, the only candidate for re-election to a new term. The Abidjan-based pan-African development institution finally gave in to the demands of the United States, which was dissatisfied with the internal investigation […]

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News: Nigeria stands by AfDB president Akinwunmi Adesina

President of the African Development Bank AFDB Akinwunmi Adesina is in the news! A brewing crisis of succession at the Apex lending institution has put the highly reputed Nigerian former Agriculture minister in murky waters or to put it clearly, intense scrutiny. But support for him is increasing. The latest, from his country Nigeria. Africa’s […]

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Adesina reaffirms the innocence of suspected wrongdoing in AfDB

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, yesterday maintained his innocence over allegations of fraud and breach of code of ethics of the bank levelled against him by whistle-blowers. Adesina, in a statement, said he remained confident that ultimately, and as one collective entity, the bank would emerge stronger than before and […]

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U.S calls for probe against AfDB president

U.S. Treasury Secretary Steven Mnuchin has rejected plans by the African Development Bank’s board to end an investigation into its president, Akinwumi Adesina, and called for an independent probe into allegations against him. In a letter dated May 22 and addressed to Niale Kaba, chairwoman of the bank’s board of governors, Mnuchin said the Treasury […]