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Independent Panel Reveals Outcome Of AfDB President, Investigation




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An Independent Review Panel set up to investigate Akinwumi Adesina, the President of the African Development Bank (AfDB) has vindicated him from all ethical wrongdoings.

The panel was set up by AfDB Bureau of Governors, following a complaint by the United States.

Brandnewsday reports that the independent panel exonerated Adeshina in its reports, describing the findings as ‘the President’s submissions on their face and finds them consistent with his innocence’.


The report of the independent panel states that it “concurs with the (Ethics) Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee.”

The further said: “considered the President’s submissions on their face and finds them consistent with his innocence and to be persuasive”.

Considerably, the report back the previously reviewed process by the two organs of the Bank – Ethics Committee of the Board and Bureau of the Board of Governors – previously exonerated Adesina.

Show of solidarity to the AfDB President, former and incumbent African leaders, championed by the ex-Nigerian President, Olusegun Aremu Obasanjo, have declared their unparalleled support for Adesina.


African Development Bank Independent panel

Meanwhile, members of the panel were Mary Robinson, former President, Republic of Ireland and ex-United Nations High Commissioner for Human Rights; Chief Justice of the Supreme Court of Gambia, Hassan B. Jallow; and Leonard F. McCarthy, former Director of Public Prosecutions and ex-Head, Directorate of Special Operations of South Africa.

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Recall that in January, Adesina was fingered with sixteen allegations of ethical misconduct by a group of whistleblowers.

But after a review set up against the allegation, the Bank’s Ethics Committee, in March, described the allegations as “frivolous and without merit.”


The findings and rulings were upheld by the apex Bureau of the Board of Governors in May.

The decision clears the way for Governors of the Bank to re-elect Adesina to a second five-year term as President during annual meetings of the Bank scheduled for August 25 – 27.

The former Minister for Agriculture in Nigeria was awarded the prestigious World Food Prize in 2017 and the Sunhak Peace Prize in 2019 for global leadership in agriculture and for good governance. achievement AJKdwjb


AfDB President, Akinwunmi Adeshina Achievement

In AfDB, Adesina ensured of setting up offices in several African nations to get closer to its clients.

Furthermore, he oversaw the Africa Investment Forum that has attracted $79 billion in investment interests into projects in Africa between 2018 and 2019.

Adesina led a General Capital Increase campaign that culminated in the Bank’s shareholders raising the institution’s capital from $93 billion to $208 billion, in October 2019.


In June and July, Standard and Poors and Fitch Ratings affirmed the ‘AAA’ rating of the AfDB, with a stable outlook.

In addition, the AfDB, under Adesina, launched a $10 billion crisis response facility to boost African nations’ ability to tackle the health and economic effects of COVID-19.

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