Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home News

Dismiss Calls For Independent Investigation Of Adesina – FG To AfDB Board

byeditor
May 29, 2020
in News, Nigeria News
Reading Time: 2 mins read
Awolowo Prize For Leadership Award
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Dismiss Calls For Independent Investigation Of Adesina – FG To AfDB Board

 

READ ALSO

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

FULL LIST: LPPC Elevates 57 Legal Practitioners To SAN Rank

 

The Federal Government of Nigeria has thrown its weight behind the President of the African Development Bank (AfDB) Dr. Akinwumi Adesina, following calls by the United States of America for an independent investigation against him.

Recall that while Adesina was cleared of allegations of embezzlement, preferential treatment of Nigerians in senior appointments and promoting people accused or found guilty of fraud and corruption by an ethics committee of the bank, US Treasury Department dismissed it and also wrote a letter urging the AfDB to carry out an independent investigation into the alleged ethics breaches by the bank’s President.

However reacting to this, the Minister of Finance, Mrs. Zainab Ahmed appealed to the chairman of the Board of Governors of the African Development Bank (AfDB) to dismiss the call for an independent investigation of Adesina.

The letter reads in part;

“THE CALL FOR AN ‘INDEPENDENT INVESTIGATION’ OF THE PRESIDENT IS OUTSIDE OF THE LAID DOWN RULES, PROCEDURES AND GOVERNING SYSTEM OF THE BANK AND ITS ARTICLES AS IT RELATES TO THE CODE OF CONDUCT ON ETHICS FOR THE PRESIDENT.

“AS BOARD OF GOVERNORS (MADE UP OF THE FINANCE MINISTERS OF MEMBER COUNTRIES), WE MUST UPHOLD THE RULE OF LAW AND RESPECT THE GOVERNANCE SYSTEMS OF THE BANK. IF THERE’S ANY GOVERNANCE ISSUES THAT NEEDS IMPROVEMENT, THESE CAN BE CONSIDERED AND AMENDMENTS PROPOSED FOR ADOPTION IN LINE WITH LAID DOWN PROCEDURES.

“THE NIGERIAN GOVERNMENT WELCOMES THE CONCLUSION OF THE ETHICS COMMITTEE AND THE DECISION OF THE CHAIR OF THE BOARD OF GOVERNORS.

“THE ETHICS COMMITTEE, FOLLOWING THREE MONTHS OF WORK TO EXAMINE THE WHISTLEBLOWERS’ ALLEGATIONS MADE AGAINST THE PRESIDENT, DISMISSED EACH AND EVERY ONE OF THE ALLEGATIONS OF THE WHISTLEBLOWERS AGAINST THE PRESIDENT AS UNSUBSTANTIATED AND BASELESS.”

The Minister also listed some achievements of the bank’s head which include securing a General Capital Increase of $115bn, the largest ever in the history of the bank; he led the bank to develop a $10bn Crisis Response Facility for Africa to fight the Coronavirus pandemic as well as leading the bank to launch a $3bn “Fight COVID19” social bond, the largest US dollar-denominated social bond ever in world’s history.

Zainab Ahmed reminded the Board that Adesina “is the sole candidate for the election of the President of the African Development Bank which was to be held on May 28, 2020 but has now been postponed to 25-27 August 2020.”

 

Related Posts

Kogi Photojournalist's Murder
Metro/Crime

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

July 24, 2025
LPPC
News

FULL LIST: LPPC Elevates 57 Legal Practitioners To SAN Rank

July 24, 2025
Osahon Okunbo
News

Osahon Okunbo Backs Emerging Artists With Bold Vision At Freedom Park

July 23, 2025
Cholera Outbreak In Niger
Health

12 Dead, 230 Hospitalized Over Cholera Outbreak In Niger

July 23, 2025
Kogi Photojournalist's Murder
Metro/Crime

Kogi Photojournalist Killed By Neighbor

July 23, 2025
Otunba Femi Davies
News

Otunba Gbenga Daniel, Prominent Nigerians Mourn With Otunba Femi Davies Over Mother’s Passing

July 23, 2025
Next Post
Baby Born WIth Two Mouths

Heartbreaking Photos Of Baby Born With Two Mouths

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

Jhanak Teasers August 2025

Star Life: Jhanak Teasers August 2025

July 25, 2025
Blood

Access Group Staff Donates Blood Across Africa In Life-Saving Initiative  

July 24, 2025
Kogi Photojournalist's Murder

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

July 24, 2025
Hulk Hogan

Wrestling Legend Hulk Hogan Dies At 71

July 24, 2025
LPPC

FULL LIST: LPPC Elevates 57 Legal Practitioners To SAN Rank

July 24, 2025
Soulmates Teasers August 2025

Star Life: Soulmates Teasers August 2025

July 24, 2025
Cacau Teasers August 2025

Telemundo: Cacau Teasers August 2025

July 24, 2025
Osahon Okunbo

Osahon Okunbo Backs Emerging Artists With Bold Vision At Freedom Park

July 23, 2025
Super Falcons

Super Falcons Visit Injured Banyana Player In Hospital After WAFCON Clash

July 23, 2025
Cholera Outbreak In Niger

12 Dead, 230 Hospitalized Over Cholera Outbreak In Niger

July 23, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush