The battle of President of the African Development Bank (AfDB), Akinwunmi Adesina to retain his seat followings damning allegations against him received another major boost, on Thursday, with the support of the private sectors in the continent.
In a press release issued by chairman of the business forum, Amb. Bamanga Tukur, a copy of which was made available to The Nigerian Xpress, on Thursday, the group ssid
“The African Private Sector expresses its contentment with the outcome of
the investigation by the African Development Bank Ethics Committee concerning the allegations by some whistleblowers against the President of the Bank, Dr. Akinwumi Adesina.
” The Ethics Committee of the Bank, which has the duty to look into such allegations concluded its investigation and cleared Dr Adesina from all allegations leveled against him.
“The African Development Bank, which plays a major role in driving Africa’s development is known to have a reputable standard globally. So the presence of external influence and interference, mistrusting the credibility
of the bank’s governing principle might disrupt Africa’s continuous economic growth, infrastructure development and investment
Under the leadership of Dr. Adesina, Africa Development Bank’s presence and work have been highly visible and impactful across the continent in the last five years.
” His vision for Africa’s development through the Bank’s High 5 transformative agenda has positively impacted over 333 million people,
envisaging well planned interventions ranging from access to electricity, improved food security, access to private sector finance, improved transport infrastructure and access to water and sanitation.
“He has always stood in the fore front of supporting Africa’s private sector
which is very important for economic and social development. In 2018, the
bank launched the Africa Investment Forum (AIF) in Johannesburg, which
drew investors from the private sector, sovereign wealth funds, pension, and
government. The Forum attracted massive global investments into Africa with about $38.7 billion raised in investment after the forum.”
