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Around the World

AfDB agrees to the review of ethics committee’s report on Akinwumi Adesina

In taking the decision, the Bureau agreed that AfDB’s ethics committee performed its role on this matter.

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Dr. Akinwnmi Adesina, Lutoyilex Construct Ltd, Fraud, AfDB

The Bureau of the Board of Governors of the African Development Bank (AfDB), has agreed to authorize an independent review of the report of the ethics committee of the bank’s board of directors on the allegations levied against the President of the Bank, Akinwumi Adesina.

This was contained in a communique which was released and signed by the Chairperson of the Bureau of Board of Governors, Ms Niale Kaba, after the meeting of the bureau board of governors on June 4, 2020, with respect to the complaints against the President of the bank.

In taking the decision, the Bureau agreed that AfDB’s ethics committee performed its role on this matter in accordance with the applicable rule under resolution B/BG/2008/11 of the board of governors and that the Chairperson of the Bureau of Board of Governors performed her role in accepting the findings of the ethics committee in accordance with the said resolution.

READ MORE: AfDB’s Akinwumi Adesina hits back, denies allegations against him

The bank’s board of governors in its statement said, ‘’Based on the views of some Governors on the matter and the need to carry every Governor along in resolving it, the Bureau agrees to authorize an independent review of the report of the ethics committee of the board of governors relative to the allegations considered by the ethics committee and the submissions made by the President of the Bank Group thereto in the interest of due process.

‘’The independent review shall be conducted by a neutral high calibre individual with unquestionable experience, high international reputation and integrity within a short time period of not more than two to four weeks maximum, taking the Bank group’s electoral calendar into account.

‘’The Bureau agrees that, within a three to six months period and following the independent review of the ethics committee report, an independent comprehensive review of the implementation of the bank’s group whistleblowing and complaints handling policy should be conducted with a view to ensuring that the policy is properly implemented, and revising it where necessary, to avoid situations of this nature in the future.’’

READ ALSO: Akinwunmi Adesina receives highest honour of the Republic of Liberia

Following the allegations of unethical conducts, questionable appointments and contract awards by a group of whistleblowers and the subsequent clearance of all charges by the AfDB’s ethics committee, the United States Government, who is the largest shareholder outside Africa, asked for an independent probe of those allegations.

The US treasury secretary questioned the integrity of the committee’s process as well as the internal processes of the bank.

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Adesina, a few days ago, met with President Muhammadu Buhari, where he assured of the country’s support towards his travails and his second term bid for the Presidency of the multilateral institution.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

3 Comments

3 Comments

  1. Abdulahi Danladi

    June 5, 2020 at 4:27 pm

    Buhari’s appeal to other African leaders to support Asesina may compound his case. It is better to allow his case to be considered on its merit without interference

    • Oluolu

      June 6, 2020 at 9:14 am

      Sincerely African nations should look inward. COVID 19 has proven again that African leaders cannot stand on their own. They don’t have the stuff to stand on their own neither are their people in support of them. An average African leader must lean on foreign power to be able to stand otherwise his own people will push him off the ladder. Not that Africans are more wicked than their counterparts but because ignorance beclouded their sense of judgment on the need to stand together.

  2. Ade

    June 5, 2020 at 5:30 pm

    How neutral will the Independent nominee be with USA holding her foot on the neck of AFDB and trying to suffocate it.
    Adesina has made Africa nations to be be conscious of their inner strength not to be beggars for what they have the ability to do. That is his offence.

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Around the World

Ngozi Okonjo-Iweala resumes first day as WTO Director-General

Dr Okonjo-Iweala officially resumed duty as the DG of the WTO today, March 1, 2021.

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Dr. Ngozi Okonjo-Iweala, former Nigerian Finance Minister and the first woman and African to be appointed as Director-General of the World Trade Organization resumed her first day of work as WTO chief.

This was disclosed in a social media statement on Monday morning by the WTO. Okonjo-Iweala said the WTO has lots of work to do and she feels ready to start

The trade organisation said: “Welcome to Dr Ngozi Okonjo-Iweala, on her first day as WTO Director-General! She makes history as the first woman and first African to take up this post.”

On her first day, Dr. Iweala said she is “coming into one of the most important institutions in the world and we have a lot of work to do. I feel ready to go.”

READ: WTO: President Buhari reacts to US backing of Okonjo-Iweala as Director-General

READ: Portugal blocks Africa’s richest woman, Isabel dos Santos’ bank accounts

What you should know 

  • On February 15th 2021, Nigeria’s Dr. Ngozi Okonjo-Iweala was officially appointed as the Director-General of the World Trade Organisation.
  • The United States and former Permanent Secretary Federal Ministry of Foreign Affairs, Ambassador Joe Keshi pointed out that the only way Nigeria as a country can benefit from her appointment is by being productive.
  • “She will not help you unless you are productive, she will not help you except you have something to sell, because her role as a DG of the World Trade Organization, the World Trade Organization is an organization that regulates global trade and except you have something to sell and you know put into the world market her role is to ensure that you get a fair deal and that you are not cheated in the whole process,” he said.

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Around the World

President Biden conducts first military airstrike against Iran-backed militia in Syria

The US has carried out military action in an approved airstrike against Iran-backed militia in eastern Syria.

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Joe Biden gains additional 4.6 million Twitter followers in less than 12 hours

U.S President, Joe Biden conducted his first military action in an approved airstrike against Iran-backed militia in eastern Syria, in a response to rocket attacks against American interests in Iraq.

This was disclosed in a report by Reuters on Friday morning, which revealed that the airstrikes were “limited in scope, potentially lowering the risk of escalation.”

Pentagon spokesman John Kirby said: “At President (Joe) Biden’s direction, U.S. military forces earlier this evening conducted airstrikes against infrastructure utilized by Iranian-backed militant groups in eastern Syria.”

“President Biden will act to protect American and Coalition personnel. At the same time, we have acted in a deliberate manner that aims to de-escalate the overall situation in both eastern Syria and Iraq,” he added.

The Pentagon revealed that the airstrikes were targeted at multiple facilities used by Iranian-backed militant groups, including Kata’ib Hezbollah (KH) and Kata’ib Sayyid al-Shuhada (KSS) at a Border Control point.

What you should know 

  • The attacks come just a month after Nairametrics reported that Joe Biden was sworn in as the 46th President of the United States.
  • Also this week, Joe Biden revoked former President, Donald Trump’s order that blocked many green card applicants from entering the United States.

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