Akinwunmi Adesina Re-Elected As AFDB Pesident After Being Cleared Of Corruption Allegations

Akinwumi-Adesina OnoBello

President of the Africa Development Bank (AfDB), Akinwumi Adesina has been re-elected for a second term of five years, Vanguard reports.

Adesina, who returned unopposed, formally requested for a second term, saying he was “doing it with an acute sense of duty and commitment. I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me.”

The election took place electronically at the virtual annual general meeting of the bank on Thursday August 27. In 2015, Adesina, the son of a farming family, became the first Nigerian to head the bank, one of the world’s five biggest multilateral lenders and an important but often unseen player in economic development.

He gained international recognition last October when the AfDB under his leadership, secured $115 billion (105 billion euros) in funding pledges, a move that doubled its capital and cemented its triple-A credit rating.

His re-election almost suffered a setback after some staff of the bank accused him of breaching 20 of the bank’s code of conduct, including “unethical conduct, private gain, an impediment to efficiency, preferential treatment, and involvement in political activities”.

Adesina was however cleared of controversial corruption charge, a month ago, after facing questions from a panel on the affairs of AfDB.

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