Akinwumi Adesina has been re-elected as the President of the African Development Bank.

The Election took place virtually on Thursday, August 27th, 2020.

This was confirmed by Bashir Ahmad, spokesperson to President Buhari on New Media, via his official Twitter handle.

"Nigeria’s Dr. Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB). With this re-election, he will spend another 5 years supervising the affairs of the Bank. Congratulations," Bashir tweeted.

Recall that on July 28th, 2020, Eons Intelligence reported that the Independent review panel vindicated Adesina who was charged for corruption.

The Independent Review Panel was set up by the Bureau of Governors of the Bank, following the insistence by the United States on Independent probe.

The United States, who is also the second-biggest shareholder in the AfDB after Nigeria, had demanded an independent probe of allegations levelled against Adesina on corruption after the Bank’s ethics committee and the Bureau of the Board of Governors had previously cleared him.

Some unidentified whistleblowers, In January 2020, had accused Adesina, who is the first Nigerian to oversee the AfDB, of handing contracts to acquaintances and appointing relatives to strategic positions.

Sixteen allegations of ethical misconduct were levelled against him by the whistleblowers. The allegations which were reviewed by the Bank’s Ethics Committee of the Board of Directors in March were described as “frivolous and without merit.”

Adesina said every single one of the 16 allegations against him in the disclosure remains unsubstantiated, adding that he has not violated the code of conduct.


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