U.S. urges probe into alleged ethics breach by AfDB President

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THE United States (U.S.) Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged

In a letter obtained by AFP yesterday, U.S. Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of an internal inquiry clearing Adesina, and urged the appointment of an independent outside investigator.

Whistleblowers last month submitted a 15-page report to bank governors detailing alleged embezzlement, preferential treatment for fellow Nigerians in senior appointments and the promotion of people suspected or convicted of fraud and corruption. He has received the backing of the African Union and the Economic Community of West African States .

Adesina is the first Nigerian president of the AfDB, in which Nigeria is the top stakeholder with nine percent.

 

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