AfDB: Adesina demands justice over fraud allegations

President of the African Development Bank (AfDB), Akinwumi Adesina, has demanded justice over wrong allegations of fraud levelled against him.

The AfDB President, in a statement he personally signed, dated May 27, 2020, maintained that his innocent of allegations of fraud, preferential treatment and sundry acts of impropriety, among others.

On May 5, the ethics committee of the continental bank, headed by Takuji Yano, said in its report that Mr Adesina was not guilty on all counts.

Mr Yano is a Japanese executive director charged with the responsibility of investigating allegations by some concerned employees against the official.

The committee described the allegations that he (Mr Adesina) violated the code of conduct of the institution as “spurious and unfounded”.

Despite being cleared of all the allegations by the ethics committee of the bank, the United States government earlier in the week demanded that a fresh and in-depth investigation be conducted into the allegations by an independent investigator.

In his press statement Wednesday, Mr Adesina said there are attempts to tarnish his image and that of the bank.

“In spite of unprecedented attempts by some to tarnish my reputation and prejudice the Bank’s governance procedure,” he said, “I maintain my innocence with regards to trumped-up allegations that unjustly seek to impugn my honour and integrity, as well as the reputation of the African Development Bank.

“I sincerely appreciate the support of the Bank’s shareholders.”

It would be recalled that in a petition by a group of whistleblowers, Mr Adesina was accused of 20 breaches of the bank’s code of conduct, including “unethical conduct, private gain, an impediment to efficiency, preferential treatment, and involvement in political activities.”

The group, which noted their allegations were in line with AfDB’s whistle-blowing policy, said these activities adversely affected the confidence and integrity of the bank.

The bank, however, found the allegations to be “frivolous.”

Regardless, the United States government expressed “deep reservations about the integrity of the committee’s process” and called for a fresh “in-depth investigation of the allegations.”

In a letter dated May 22, 2020, to Ms Kaba, the U.S. government, through the Secretary, Department of Treasury in Washington, D.C., Steven Mnuchin, faulted the decision of the committee to totally exonerate Mr Adesina of all allegations, saying it was not yet time to make such a declaration.