Breaking

US rejects AfDB’s findings, demands fresh probe of Akinwumi Adesina


The United States has demanded a fresh probe of the president of African Development Bank, Akinwumi Adesina, over allegations leveled against him.

Bloomberg reports that Adesina was accused by a group of unidentified whistleblowers of handing contracts to acquaintances and appointing relatives to strategic positions at the Abidjan-based lender.


However, Le Monde, a French newspaper, reported that the petition was allegedly spearheaded by an elected staff member to “discredit” Adesina’s candidacy for reelection.

The PUNCH reports that Adesina, a Nigerian, is the sole candidate for the bank’s election expected to hold in August.

After the allegation, the AfDB’s board asked its ethics committee to probe Adesina. The committee after its findings “totally exonerated” Adesina form the allegations of favoritism.


But in a letter dated May 22, the US through its  Treasury Secretary Steven Mnuchin rejected findings by the bank’s ethics committee and plans to end an investigation into its president.

In the letter addressed to Niale Kaba, chairwoman of the bank’s board of governors, Mnuchin called for an independent probe into allegations against Adesina. Punch
Disclaimer
Most News articles reported on SSTNEWS are a reflection of what is published in the media. SSTNEWS is not in a position to verify the accuracy of daily news articles, however, we ensure that only news articles from credible sources are reflected in this service. Independent opinions which are mailed to us may also be published from time to time at our discretion, however the sources for these independent articles will be clearly stated.

Share your story with us: SMS: +2349067561649, Whatsapp: +2349067561649, Email: shockingstatementafrica@gmail.com or qubesentertainmentmagazine@yahoo.com
Receive Alerts on: Whatsapp: +2349067561649, Twitter: @sstnewsng