Niale Kaba, chairperson of the board of governors at the African Development Bank (AfDB), has denied reports that Akinwumi Adesina, president of the bank has been asked to resign.

In a statement seen by TheCable on Thursday, Kaba said the board has not reached a decision on a request by the US to carry out an independent investigation into allegations of favouritism against Adesina.

“On Tuesday, May 26, the office of the board of governors of the African Development Bank Group held a meeting to examine the matter arising from a complaint from the board of directors of the bank, and about that which I received from some shareholders expressing different points of view,” she said in the statement.

“The office which I chair wishes to reassure the public that it has taken up the matter and is treating it with the greatest rigour and with all the seriousness that it deserves.

“However, the office informs the public that no decision has been made as falsely conveyed in some publications,” Haa

“Everyone must allow the Office to do its work and let the process of examining this case to take its course. The opinion of all the governors will be sought for its successful outcome.”

Bloomberg, had reported on Wednesday, that the board has agreed to an independent investigation in line with demands from Steven Mnuchin, the US treasury secretary.

In a letter addressed to Kaba, Munchin said the US disagreed with the decision of the bank’s ethics committee which absolved Adesina of the allegations.

jrusky:
Im still studying what the hell is hoing on with this AfDB issue because I still dont understand why is US now playing police, boss and judgement on Africa Development bank.

Can any Africa country demand for probe into European Union Central Bank affairs? Or can EU demand probe into how America runs their treasury or viice versa

SoNature:
The cabal against Mr Adesina are insiders.

They tend to know so much about his dealings, which explains why they furnished the US authorities with enough information

Good luck to him

Exc2000:



Nigeria don show them pepper... try shit and we pull out

Nigerian GDP is the highest in Africa

noleflendum:
If Adeshina was Igho Man some misguided children of hate would be blaming Buhari

siverspooon:

My brother forget it, if Nigeria pulls out, the Us will buy off their shares making them the complete owners of the bank. That has always been the plan to control Africa's economy 100% without restraint

Exc2000:



ownership isnt the problem here.. control of the African debt and African money/ lending markets is the problem... who else in Africa has the capacity to borrow like Nigeria? how would they be succesful if the highest GDP pulls out and borrows instead from China at cheaper rate? which country apart from Nigeria Egypt and South Africa has the capacity for a meaningfull borrowing plan?

emkz:


Interest. The United States is the largest shareholder in the IMF and World Bank as well as the highest non-African shareholder in AfDB. Adesina has been expediting loan requests to African countries which caused the World Bank President to complain that Adesina's actions increase the debt portfolio of African countries (actually, Adesina's style causes the African countries to reduce loan requests to World Bank and IMF). To put him in check and protect US investments in AfDB and African geopolitics through US creditor power, Adesina has to be kicked out.