ADESINA TO STEP DOWN AS AFRICAN DEVELOPMENT BANK AGREES TO PROBE HIM

Nigeria’s Akinwumi Adesina will step back as African Development Bank boss after the regional bank agrees to probe him again following pressures from US president Donald Trump.

The African Development Bank’s board has agreed to open a fresh independent investigation of its President Akinwumi Adesina after the U.S. rejected an internal investigation that cleared him of allegations of favoritism, according to a Bloomberg report.

Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations, the report stated.

Adesina, who has repeatedly denied wrongdoing, may have to step back from the role until the probe is completed, ElombahNews has learnt.

Unidentified whistleblowers accused Adesina, 60, of handing contracts to acquaintances and appointing relatives to strategic positions.

@ElombahNews

About genuinereportsng

A versatile content developer, news reporter, OAP and an Educationalist.

View all posts by genuinereportsng →

Leave a Reply