Home » Africa & World Politics, Economy, Latest Politics, Top Stories » Panel finds Adesina innocent of all alleged ethical violations: All roads now clear for his reelection as AfDB President

Panel finds Adesina innocent of all alleged ethical violations: All roads now clear for his reelection as AfDB President

All roads are now clear for the reelection of Dr. Akinwumi Adesina as President of African Development Bank(AfDB) for a second five-year term.

Adesina is Africa’s consensus candidate.

The election by the bank’s governors will take place during the annual meeting scheduled for August 25-27.

This followed the decisive conclusions of the Independent Review Panel that examined the allegations against the Nigerian-born Adesina.

The much awaited report completely exonerated him of any ethical wrongdoings.

The Independent Review Panel was set up by the Bureau of Governors of the Bank, following a complaint by the United States, to review the process by which two previous organs of the Bank – the Ethics Committee of the Board, and the Bureau of the Board of Governors – had previously exonerated Adesina.

The distinguished three-member Independent Review Panel include Mary Robinson, who is a former President of the Republic of Ireland, a former United Nations High Commissioner for Human Rights, and the Chairperson of the Elders, a global body of wise persons concerned with the world’s wellbeing; the Chief Justice of the Supreme Court of Gambia, Mr. Hassan B. Jallow;

and Mr. Leonard F. McCarthy, a former Director of Public Prosecutions, a former Director for the Office of Serious Economic Offences, and a former Head of the Directorate of Special Operations of South Africa. He also served as the Vice President of Integrity for the World Bank for nine years.

In January 2020, sixteen allegations of ethical misconduct were levelled against Adesina by a group of whistleblowers. The allegations which were reviewed by the Bank’s Ethics Committee of the Board of Directors in March, were described as “frivolous and without merit.” The findings and rulings of the Ethics Committee were subsequently upheld by the apex Bureau of the Board of Governors in May, which cleared Adesina of any wrongdoing.

The report of the Independent Review Panel states that it “concurs with the (Ethics) Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee.”

The Panel once again vindicates Adesina and states, “It has considered the President’s submissions on their face and finds them consistent with his innocence and to be persuasive.”

Adesina is a highly decorated and distinguished technocrat and globally-respected development economist. He was awarded the prestigious World Food Prize in 2017 and the Sunhak Peace Prize in 2019 for global leadership in agriculture and for good governance.

Since taking over the reigns of the Bank in 2015, he has introduced several innovative reforms including a High5 development strategy;

a restructuring of the bank including setting up offices in several African nations to get closer to its clients; an Africa Investment Forum that has attracted $79 billion in investment interests into projects in Africa between 2018 and 2019.

He successfully led a historic General Capital Increase campaign that culminated in the Bank’s shareholders raising the institution’s capital from $93 billion to $208 billion, in October 2019.

In June and July respectively, global credit ratings agencies Standard and Poors and Fitch Ratings both affirmed the ‘AAA’ rating of the Bank, with stable outlook.

Under Adesina’s leadership the African Development Bank launched a $10 billion crisis response facility to boost African nations’ ability to tackle the health and economic effects of COVID-19.

Several Governors of the Bank speaking off the record, say it is now time to put recent events in the past; provide the Bank’s President with full support; and bolster the Bank’s efforts on Africa’s critical development issues.

PM News

 

 

Short URL: http://newnigerianpolitics.com/?p=56763

Posted by on Jul 29 2020. Filed under Africa & World Politics, Economy, Latest Politics, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Fani-Kayode reacts to US’ claim that Al Qaeda, ISIS planning to infiltrate South

Headlines

PDP asks Oshiomhole to produce primary six certificate

Categories

Nigeria applying for another $3b Chinese loan – Amaechi

Browse Corruption Politics

Featuring Top 3/186 of Corruption Politics

Browse National Politics

Featuring Top 5/995 of National Politics

Ohanaeze wants FG to rename 82 Division, Nigerian Army after Aguiyi Ironsi, blasts Danjuma

Browse NNP Columnists

Featuring Top 10/1409 of NNP Columnists

NDDC probe: Akpabio blows hot, lists lawmakers awarded contracts

Advertisements

--

FEATURED VIDEOS

Presidency attacks Sowore over unsavoury comment on Funtua

ARCHIVES

July 2020
S M T W T F S
« Jun   Aug »
 1234
567891011
12131415161718
19202122232425
262728293031  

© 2020 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes