AfDB: Obasanjo writes African leaders, fires US over call for Adesina’s independent probe

AfDB: Obasanjo writes African leaders, fires US over call for Adesina’s independent probe

- Former president Olusegun Obasanjo has reacted to the call by the US government for an independent probe of AfDB president, Akinwunmi Adesina

- Adesina was absolved of any wrongdoing by the ethics committee of the board of directors and chairman of the board of the governors of the AfDB

- Obasanjo, however, questioned the insistence of the US on an independent investigation of Adesina

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Olusegun Obasanjo, Nigeria's former president, has lambasted the United States of America for insisting on “independent investigation” into allegations of favouritism and others against the president of African Development Bank (AfDB), Akinwunmi Adesina.

The Nation reports that the US treasury secretary has called for an investigation into the 16 allegations after Adesina, who is seeking reelection, was cleared by the ethics committee of the board of directors and chairman of the board of the governors of the bank.

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Legit.ng gathered that Obasanjo, in a letter to the board and African former leaders, said the clearance granted Akinwunmi, who he said has performed creditably well, by the laid down institutions should have put the matter to rest.

AfDB: Obasanjo writes African leaders, fires US over call for Adesina’s independent probe

Former president Olusegun Obasanjo. Credit: The Nation.
Source: Getty Images

“The US treasury secretary disparaged the bank and ridiculed the entire governance system of the bank which has been in place since 1964. This is unprecedented in the annals of the African Development Bank group.

“If we do not rise up and defend the African Development Bank, this might mean the end of the African Development Bank, as its governance will be hijacked away from Africa,” he said.

He called for solidarity in the fight to preserve the independence of the bank, stating that the former African leaders should issue a joint statement “to support the laid down procedures embarked upon to evaluate the allegations and recommend that the Board of Governors, as well as the ethics committee of the Bank, should firmly stand by their process and its outcome.”

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Meanwhile, Legit.ng had previously reported that Adesina said he does not believe in what people call youth empowerment.

It was reported that Adesina disclosed this when he met with some Nigerian journalists on the sidelines of the just-ended World Bank/International Monetary Fund Annual Meetings in Washington DC.

He does not believe in youth empowerment because it is meaningless when someone is empowered or trained yet has no access to finance.

Adesina said the issue of lack of finance is the main reason why he has been advocating for youth entrepreneurship and investment banks. He said such should be specially developed and dedicated to young people.

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Source: Legit

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