Tuesday, January 19, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street - Latest Business News
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street - Latest Business News
No Result
View All Result

AfDB bows to US demand for independent probe of Adesina

by Gideon Remigius-Iwu
June 5, 2020
in Uncategorized
0
AfDB: We’ve delivered on commitments to reduce poverty
4
SHARES
15
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp
  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

READ ALSO

Buhari to inaugurate national oil centre – DPR

AFREWATCH petitions UN over toxic pollution in Zambia

The African Development Bank has decided to have an independent probe into allegations levelled against its President, Akinwunmi Adesina.

‘The bank has been under intense pressure from the United States, its highest shareholder outside Africa, for an independent probe of the AfDB president.

Allegations against Adesina bordered on questionable appointments, contract awards though the bank’s ethics committee had cleared him of all charges.

Read Also:

  • Angolan legal reform and job creation in AfricaAngolan legal reform and job creation in Africa
  • Strategic communications: The lifeline of effective nation-buildingStrategic communications: The lifeline of effective…
  • India oil demand falls first time in decadesIndia oil demand falls first time in decades

Adesina is running for a second term in office.

Shortly after the ethics committee cleared Adesina of all wrongdoings heralded by a group of whistleblowers, the US treasury had questioned the integrity of the bank’s ethics committee and its internal process.

A statement by AfDB’s Bureau of the Board of Governors, said, “Based on the views of some governors on the matter and the need to carry every governor along in resolving it, the bureau agrees to authorise an independent review of the report ot the ethics committee of the Board of Governors relative to the allegations considered by the ethics committee and the submissions made by the President of the Bank group thereto in the interest of due process.”

It added, “The independent review shall be conducted by a neutral high calibre individual with unquestionable experience, high international reputation and integrity within a short period of not more than two to four weeks maximum, taking the Bank group electoral calendar into account.

“The Bureau agrees that, within a three to six months period and following the independent review of the ethics committee report, an independent comprehensive review of the implementation of the Bank’s group whistleblowing and complaints handling policy should be conducted with a view to ensuring that the policy is properly implemented, and revising it where necessary, to avoid situations of this nature in the future.”

close

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: AfDB presidentIMF on AfDBWorld Bank

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Consumers’ expectations showed negative trend in Q3
Business & Economy

Buhari to inaugurate national oil centre – DPR

January 18, 2021
AFREWATCH petitions UN over toxic pollution in Zambia
Empire

AFREWATCH petitions UN over toxic pollution in Zambia

January 18, 2021
PIN opens registration for digital rights forum
Empire

PIN opens registration for digital rights forum

January 18, 2021
Senegal heavy fuel use hurting earth, says Fortesa boss
Business & Economy

Senegal heavy fuel use hurting earth, says Fortesa boss

January 18, 2021
‘Billions At Play’ prescribes solutions for Africa's energy sector
Business & Economy

‘Billions At Play’ prescribes solutions for Africa’s energy sector

January 18, 2021
Bring back our girls
Empire

#FixPolitics unveils school of politics, says initiative ‘not about 2023 election’

January 16, 2021
Next Post
AfDB president: Adesina to be sworn in for second term today

AfDB: We've delivered on commitments to reduce poverty

RECENT STORIES

Consumers’ expectations showed negative trend in Q3

Buhari to inaugurate national oil centre – DPR

January 18, 2021
AFREWATCH petitions UN over toxic pollution in Zambia

AFREWATCH petitions UN over toxic pollution in Zambia

January 18, 2021
PIN opens registration for digital rights forum

PIN opens registration for digital rights forum

January 18, 2021
Senegal heavy fuel use hurting earth, says Fortesa boss

Senegal heavy fuel use hurting earth, says Fortesa boss

January 18, 2021
‘Billions At Play’ prescribes solutions for Africa's energy sector

‘Billions At Play’ prescribes solutions for Africa’s energy sector

January 18, 2021
Bring back our girls

#FixPolitics unveils school of politics, says initiative ‘not about 2023 election’

January 16, 2021
PIN condemns Uganda Internet shutdown

PIN condemns Uganda Internet shutdown

January 15, 2021

TRENDING

  • Senegal heavy fuel use hurting earth, says Fortesa boss

    Senegal heavy fuel use hurting earth, says Fortesa boss

    0 shares
    Share 0 Tweet 0
  • CIBN to hold seventh national economic outlook 

    0 shares
    Share 0 Tweet 0
  • #FixPolitics unveils school of politics, says initiative ‘not about 2023 election’

    0 shares
    Share 0 Tweet 0
  • ‘Billions At Play’ prescribes solutions for Africa’s energy sector

    0 shares
    Share 0 Tweet 0
  • Kuwait’s Al-Sumait prize calls for nominations

    0 shares
    Share 0 Tweet 0
Financial Street - Latest Business News

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous