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  • Business - Africa
  • Updated: August 27, 2020

Adesina Reacts To Re-Election As AfDB President After Allegations, Probe

Adesina Reacts To Re-Election As AfDB President After Allega

The incumbent President of African Development Bank (AfDB), Akinwumi Adesina, has addressed his re-election for a second term after securing votes from the members of the largest bank in Africa. He was re-elected during the virtual meeting of the organisation on Thursday, August 27, 2020.

Adesina returned unopposed after gathering unanimously votes. He will resume his second term of five-years on September 1, 2020. While announcing the new development, Cote d’Ivoire’s minister of national planning and the chair of AfDB’s board of governors, Niale Kaba, said Adesina will get all the necessary support.

“I am delighted that the board of governors have re-elected Dr. Adesina for a second term in office as president,” she said, adding that, "As shareholders, we strongly support the bank and will give him all the necessary support to carry forward and implement his compelling vision for the bank over the next five years.”

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Adesina who first became the President of AfDB in 2015, said, “I am deeply grateful for the collective trust, strong confidence and support of our shareholders for electing me for a second term as President. It is yet another call for selfless service to Africa and the African Development Bank, to which I will passionately devote myself”.

“The future beckons us for a more developed Africa and a much stronger and resilient African Development Bank Group. We will build on the strong foundations of success in the past five years, while further strengthening the institution, for greater effectiveness and impacts."

Adesina Overcame Allegations, Series Of Probe

Prior to his re-election, Adesina was accused of abusing his office by laying off and employing workers at will. He was said to have used his position to appoint people he's familiar with, ignoring merits, all of which were said to contradict the code of ethics of AfDB.

The AfDB's board of governors requested that an investigation be carried out by an independent body after AfDB's ethics body cleared Adesina of any wrongdoings. The independent probe had been demanded by the United States and other western countries.

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Despite Adesina denying the allegations and Nigeria speaking against the independent probe, it was eventually carried out, and Adesina was again cleared by the independent committee. The series of investigations into the activities of Adesina had delayed the election until on Thursday when Adesina was unanimously voted.

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