Tag: AFDB
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Adesina: AfDB begins independent inquiry into corruption report
The African Development Bank, AfDB, has finally launched an independent inquiry into allegations of embezzlement and preferential treatment against its president Akinwumi Adesina, who is seeking re-election in August, its board of governors said. The investigation into Adesina, a former Nigerian minister for agriculture, follows calls for a probe by Washington, and must wrap up ... -
Buhari backs AfDB President says I’ll stand solidly behind you
President Muhammadu Buhari has given his backing to the President of the African Development Bank (AfDB), Akinwumi Adesina, in his re-election bid despite allegations of improper conduct. Buhari assured Dr. Akinwumi Adesina of Nigeria’s support in his bid to seek a second term in office. The President gave the assurance on Tuesday through his Special ... -
U.S. first representative to AfDB urges Trump’s administration to support Adesina
Ambassador Harold Doley, the United States (U.S) first ever Representative to the African Development Bank (AfDB), has urged President Donald Trump’s administration to support the bank’s President, Dr Akinwumi Adesina. Doley gave the advice in an open letter addressed to the U.S Secretary of the Treasury which was in Abuja on Sunday. Ambassador Doley was ... -
AfDB: African leaders rally support for Adesina
No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr Akinwumi Adesina, lauding him for taken the bank to amiable heights. In a statement signed by the ex presidents, including Nigeria’s Olusegun Obasanjo and Goodluck Jonathan, the former leaders described AfDB as the “pride of the ... -
NASS commences second reading of 2020 revised budget as Buhari seeks fresh $5.513bn external loan
President Muhammadu Buhari President Muhammadu Buhari has written to the National Assembly to seek a fresh $5.513bn external loan to finance the revised 2020 budget. Buhari’s request was contained in a letter addressed to President of Senate Ahmad Lawan and read at plenary on Thursday. Buhari in the letter said the loan which would be ... -
AfDB: I have not violated the Code of Conduct – Adesina responds to query
AfDB President, Nigeria’s Dr. Akinwunmi Adesina has dismissed allegations of misconduct against him, insisting he did nothing wrong. He said “every single one of the 16 allegations against me in the Disclosure remains unsubstantiated. I have not violated the Code of Conduct. The Ethics Committee should so find and dismiss the matter.” Below are his ... -
AfDB clears Adesina of fraud allegations; Buhari happy
President Muhammadu Buhari has congratulated President of the African Development Bank, AfDB, Nigeria’s Dr Akinwumi Adesina, over the clean bill of health given him by Board of Directors of the financial institution. A happy President Buhari made his feelings known in a statement released by his Special Adviser on Media and Publicity, Mr Femi Adesina, ... -
AfDB predicts Covid-19 could cost Africa a GDP loss between $22.1 and $88.3 bn
By Akinwumi A. Adesina The African Development Bank estimates that Covid-19 could cost Africa a GDP loss between $22.1 billion and $88.3 billion in the worst case scenario. These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. ... -
AU Summit: Do more to stop illicit capital flows -AfDB president tells African leaders
Dr Akinwumi Adesina, the President of African Development Bank (AfDB) has underscored the need for Africa to also do more to stop illicit capital flows. The bank’s Communications and External Relations Department in a statement said Adesina stated this at the inauguration of the first report on the implementation of Agenda 2063 ahead of the ... -
AfDB Joins TEF Programme Catalysing entrepreneurship across Africa
From Right to Left: Tony O. Elumelu, CON, Founder, Tony Elumelu Foundation and Akinwunmi Adesina, President, African Development Bank (AfDB) at the 2019 Tony Elumelu Foundation Entrepreneurship Forum – Africa’s largest entrepreneurship conference Tony O. Elumelu has congratulated the African Development Bank (AfDB), and AfDB President, Akinwumi Adesina on their commitment to African entrepreneurship, with ...
