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Updated Jul 30, 2020
Dr. Akinwumi Adesina, president of the African Development Bank (AfDB)
Dr. Akinwumi Adesina, president of the African Development Bank (Riccardo Savi/via AFP)

Dr. Akinwumi Adesina, president of the African Development Bank (AfDB), has been cleared of corruption following the conclusion of a second ethics probe, which the United States had insisted on. A three-person team found insufficient evidence to prove allegations of corruption and nepotism that whistleblowers had leveled against Dr. Adesina, and found his submission to be persuasive.

A report by the AfDB’s Ethics Committee and Board of Governors had cleared him of misconduct in April, but the US, which is the second-largest AfDB shareholder, rejected the internal investigation and insisted that an independent panel review the case. The panel, led by former Irish president Mary Robinson, reviewed all the evidence and agreed with the earlier finding.

The Americans’ demand for a second investigation into Dr. Adesina’s conduct sparked outrage among African states that hold shares in the AfDB, with Nigeria in particular pushing back against what they perceived as an imposition on the bank by a non-African nation.

 

Dr. Adesina is free to pursue his re-election bid for president of the AfDB

 

The AfDB has been a key financier of major infrastructure projects, such as Mozambique’s liquid natural gas plant in Cabo Delgado province and the Democratic Republic of the Congo’s Inga III hydropower project. The AfDB has also committed US$10 billion in funding to assist in the fight against COVID-19 on the continent.

With his name cleared, Dr. Adesina is free to pursue his re-election bid for president of the AfDB in August, running as the only candidate for the position and generally supported by the Bank’s African shareholders.

The full report of the auditors can be read here.

 

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