Sunday, July 5, 2020

15 former African Presidents and Prime Minister back Adesina over calls for independent investigation against him

More Headline Stories

IG orders Ondo Police Commissioner to restore officers attached to Akeredolu’s deputy, Ajayi

The Inspector-General of Police, Mohammed Adamu, has ordered the Commissioner of Police in Ondo, Bolaji Salami, to restore the security details of the Deputy...

11 Nigerians arraigned over $6m fraud in US

11 Nigerians have been arraigned in a US court for their alleged role in a large-scale conspiracy to commit $6m bank fraud in southern...

Over 1m Nigerians applied for N-Power in less than 48 hours – FG

The federal government has revealed that over one million people applied for the N-Power program, after the application portal was opened for 48 hours. The...

Court orders police to pay N15m to families of 3 Shiite members who were killed in Abuja

The Nigerian police was on Monday June 29, ordered to pay a N15 million fine over the alleged killing of 3 Shiite members in...

Iran to use Interpol to arrest Trump over the murder of a top Iranian general, Qassem Soleimani

Iran issues arrest warrant for Trump over the murder of a top Iranian general, Qassem Soleimani; asks Interpol to help Iran has issued an arrest...







15 former African Presidents and Prime Minister back Adesina over calls for independent investigation against him

A coalition of 15 former African presidents and a prime minister have publicly expressed their support for the President of African Development Bank (AfDB) Akinwumi Adesina, following calls for an independent investigation against him by the United States government.

Recall that the US Government through its Treasury Secretary Steven Mnuchin, said it had reservations about the process that led the ethics committee on 5 May to reject the whistleblowers’ accusations against the bank President. He further called for an independent investigation of Adesina who was cleared of the allegation against him by AfDB’s ethics committee.

However reacting to this, the former African leaders stated that any conflict resolution processes outside laid down rules would undermine the reputation of the bank and its president.

The statement reads in part;

“Adesina, who some whistleblowers alleged to have violated the banks’ code of ethics, has firmly and consistently declared his innocence of these allegations.

“The ethics committee of the board of directors, a legal oversight body of the bank, made up of representatives of shareholders, cleared Dr Adesina of all 16 allegations, declaring them as baseless and unsubstantiated and exonerated him completely.

“Governance is all about respecting and abiding by rules, laws and established governing systems of organizations. In the case of the AfDB, while differences may exist among parties, the best way to address them is to first respect the rules, procedures and governance structures of the bank.

“The African Development Bank is a pride for all of Africa, and its president, Dr Adesina, has taken the bank to enviable heights. At this critical time that Africa is battling with COVID-19, the bank and its president should not be distracted.”

Adesina’s achievement as the President of the AfDB was also listed by the coalition of African leaders.

The statement added;

“The bank announced a $10 billion crisis response facility to support countries in Africa. The bank also successfully launched a $3 billion Fight COVID-19 social bond, the largest ever US dollar-denominated bond in world history”.

“Powered by his vision and leadership, the shareholders of the bank from 80 countries all approved a general capital increase of $115 billion for the bank, the largest in its history since establishment in 1964.

“The bank has been doing a lot for women, with a $3 billion fund to provide access to finance to women, supported by G7 countries and Africa.

“Across the continent, the bank’s presence and work have been highly visible and impactful. In less than five years, the bank’s High 5 agenda has impacted over 333 million people, from access to electricity, food security, access to finance via the private sector, improve transport, and access to water and sanitation.

“The bank has maintained its stellar AAA rating among all global rating agencies.”

Shareholders of the bank were also urged to work with mutual respect and honour the procedures of the bank.

“No nation, regardless of how powerful, has veto power over the African Development Bank, and no nation should have such power”.

The following former African leaders signed the statement;

Olusegun Obasanjo (president of Nigeria; 1999-2007)
Boni Yayi (president of Benin; 2006-2016)
Hailemariam Desalegn (prime minister of Ethiopia; 2012 – 2018)
John Kufour (president of Ghana; 2001 – 2009)
Ellen Johnson Sirleaf (president of Liberia; 2006 – 2018)
Joyce Banda (president of Malawi; 2012 – 2014)
Joaquim Chissano (president of Mozambique; 1986 – 2005)
Tandja Mamadou (president of Niger; 1999 – 2010)
Goodluck Jonathan (president of Nigeria; 2010-2015)
Mohamed Marzouki (president of Tunisia; 2011 – 2014)
Benjamin Mkapa (president of Tanzania; 1995 – 2005)
Ameenah Gurib-Fakin (president of Mauritius; 2015 – 2018)
Rupiah Banda (president of Zambia; 2008 – 2011)
Kgalema Motlanthe (president of South Africa; 2008-2009)
Jakaya Kikwete (president of Tanzania; 2005 – 2015)





CLICK TO RECEIVE LATEST JOB NEWS ON YOUR PHONE


CLICK TO RECEIVE LATEST JOB NEWS ON YOUR TELEGRAPH

Contact: info@fellowpress.com

  

  



- Advertisement -

More articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest Post

Nollywood actor Gideon Okeke calls for scrabbing of state of origin for national peace

Nollywood actor, Gideon Okeke has called for the abolition of state of origin which he said will bring national peace. The actor who alleged that...

Nigerian man in Japan returns wallet loaded with cash, President Buhari reacts

President Buhari Muhammadu has applauded a Nigerian man, Ikenna Nweke, who found a wallet loaded with cash on the streets of Japan and returned...

Hand over to me, you are incapacitated – Ondo Deputy Governor tells Akeredolu

Agbola Ajayi, the deputy governor of Ondo state who recently joined the Peoples Democratic Party (PDP), has asked Governor Rotimi Akeredolu to hand over...

Kanye West announces 2020 presidential bid and Elon Musk endorses him

Kanye West has announced his plans to run for president in 2020. The 43-year-old Billionaire rapper made the announcement on Saturday night, July 4, via...

Meghan Markle is ‘struggling to cope’ and ‘has gone worryingly quiet’, relative claims

A relative of the Duchess of Sussex has said that Meghan Markle has “gone worrying quiet” and is “struggling to cope "as her and...

Serie A: Cristiano Ronaldo reacts to his free-kick goal against Torino, warns AC Milan

Juventus forward, Cristiano Ronaldo has reacted to his free-kick goal against Torino, following his side’s Serie A 4-1 win victory against the visitors on...

Nigeria’s death toll rises to 634, as NCDC confirms 603 new cases of COVID-19

A total of six hundred and three, 603, new cases of coronavirus infection have been recorded in Nigeria. The Nigeria Centre for Disease Control, NCDC,...

Another batch of 322 Nigerians arrive Lagos from US

A total of 322 Nigerian returnees have arrived in the country from the US. The evacuees were stranded in the US due to the Coronavirus...

COVID-19: Pastor Adeboye backs lockdown extension of worship centre

Pastor Enoch Adeboye of the Redeemed Christian Church of God, has backed the extension of lockdown ease of worship centres. Adeboye, who is the General...

Growth in Value Alliance (GV Alliance) Partners Job Recruitment (3 Positions)

Growth in Value Alliance (GV Alliance) Partners is a business advisory and market intelligence services firm. Our objectives are to assist organizations to achieve...

Software Developer (.NET) at Growth in Value Alliance (GV Alliance) Partners

Growth in Value Alliance (GV Alliance) Partners is a business advisory and market intelligence services firm. Our objectives are to assist organizations to achieve...

Project Manager / Scrum Master at Growth in Value Alliance (GV Alliance) Partners

Growth in Value Alliance (GV Alliance) Partners is a business advisory and market intelligence services firm. Our objectives are to assist organizations to achieve...

Business Process Analysts at Growth in Value Alliance (GV Alliance) Partners

Growth in Value Alliance (GV Alliance) Partners is a business advisory and market intelligence services firm. Our objectives are to assist organizations to achieve...

Lidya Global Graduate & Exp. Job Recruitment

Lidya is the future of finance for small businesses in fast-growing economies. Our goal is to help great business owners access financing and build...

Investment Analyst at Lidya Global

Lidya is the future of finance for small businesses in fast-growing economies. Our goal is to help great business owners access financing and build...

Graduate Relationship Analyst at Lidya Global

Lidya is the future of finance for small businesses in fast-growing economies. Our goal is to help great business owners access financing and build...

Dataville Research LLC Remote Graduate Internship Recruitment 2020

Dataville Research LLC is a consortium of global development professionals and public policy think-tank with head office in Abuja, Nigeria and field offices in...

OPEC Fund for International Development Graduate, Internship & Exp. Job Recruitment (9 Positions)

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia,...

Director for Policy, Market and Operational Risk at the OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia,...

Investment Manager, Private Sector and Trade Finance Operations at the OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia,...

CLICK TO RECEIVE LATEST JOB NEWS ON YOUR PHONE


CLICK TO RECEIVE LATEST JOB NEWS ON YOUR TELEGRAPH

Contact: info@fellowpress.com