The African Development Bank (AfDB) has succumbed to pressure from the United States Government by ordering a new and independent probe of the bank’s president, Akinwumi Adesina.
The board of African Development Bank (AfDB) decided to go for an independent probe after the US Treasury Secretary, Steven Mnuchin, openly rejected the decision of the bank’s ethics committee to clear Adesina of all the allegations brought against him by some whistleblowers.
According to a monitored report from Bloomberg, inside sources who want to remain anonymous said that the AfDB, which is Africa’s largest multilateral development financial institution, gave in to the request of the US Government, by ordering an independent investigation into the activities of Adesina.
Note that many other foreign governments such as Denmark, Sweden, Norway, and Finland supported the U.S treasury’s stand on the matter.
The US Government, in its letter AfDB’s board of directors, appeared convinced that the ethics committee of the bank did not do a proper preliminary investigation in line with standard practices in the other international multilateral financial institutions and the bank’s own rules and procedures. (Africanchinapresscetre)
