• July 28, 2021

AfDB Caves In To U.S. Pressure, As It Consents To Private Investigation Of Adesina


By Olivia Isibor (AGENDAWATCHDOG) – Following a meeting by its Bureau of Board of Directors, the African Development Bank has finally caved in to US pressure as it has consented to a private investigation of Akinwumi Adesina, its embattled president, despite an internal probe acquitting him of misconduct. 

AFDB’s approval of a private review of Adesina’s conduct comes in the wake of calls by the United States, which has insisted on an independent inquiry into allegations of embezzlement and favoritism made against Adesina by whistleblowers.

Following the not guilty verdict declared by an in-house inquiry into the allegations against Adesina, plethora of African leaders and financial experts had lent their support to Adesina, who is seeking a second term, on the grounds that the call for an external inquiry of his first tenure, contradicted the AfDB’s ethical standards.

Adesina has continued to deny the allegations against him, describing them as attempts by some mischief-makers to soil his image, promising to continue working with all the bank’s shareholders.


Agenda Watchdog

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