Saturday, July 4, 2020

AfDB board bows to US pressure, approves fresh probe of Adesina

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The African Development Bank  has opened an independent inquiry into allegations of embezzlement and preferential treatment against its embattled president Akinwumi Adesina, who is seeking re-election in August.

The investigation is in response to calls for a probe by Washington.

The board in a statement said It is expected to be concluded within four weeks as the bank prepares to elect a new head.

But Adesina,during a visit to President Muhammadu Buhari on Tuesday  declared that his accusers had  no shred of evidence against him.

In April, whistleblowers submitted a 15-page report to the bank’s governors detailing alleged embezzlement, preferential treatment for fellow Nigerians in senior appointments, and the promotion of people suspected or convicted of fraud and corruption.