The latest development about the probe on alleged Maladministration, perceived state of impunity and bad governance at the African Development Bank (AFDB) has taken a new turn of event as evidence showed that the Banks whistleblowers failed to provide any further information or evidence that they had to sustain the allegations.
According to report seen on premium times the Ethics Committee of the Board of Directors who made this known said the EBDC requested the whistleblowers to provide any further information or evidence that they had to sustain the allegations made against the President but none was given. “but the whistleblowers declined to provide any such further information because not doing so will assist in preserving their anonymity.”
This point of disagreements perhaps played a role in the investigation and subsequent dismissal of the allegations against Mr Adesina.
In dismissing the allegations against Mr Adesina, the ethics committee noted that if its preliminary examination of the complaint or allegation reveals it was “frivolous or not based on any objective and solid facts”, the resolution empowered the committee to dismiss it.
Naija News recalls that a few months ago the notable banker Akinwumi Adesina has gone from glory to fighting for his career, battling US demands for a probe into accusations of ethical violations and favouritism.
In 2015, the son of a farming family wrote another chapter in a remarkable tale, becoming the first Nigerian to helm the African Development Bank (AfDB), one of the world’s five largest multilateral development lenders.
His flamboyant style gained him continent-wide renown when the AfDB last October secured $115 billion (105 billion euros) in funding pledges — doubling its capital at a stroke and cementing its glittering triple-A credit rating.
But with elections for the AfDB presidency looming in August, Adesina’s bid for a second term in office is a threat.
At issue is a 15-page whistleblowers’ report which says that under Adesina’s watch, the AfDB has been tarred by poor governance, impunity, personal enrichment and favouritism.
The bank’s ethics committee has already exonerated Adesina, saying the allegations rest “on no objective, solid facts.”