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    Home - MarketForces News - AfDB: Independent Review Panel exonerates Adesina
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    AfDB: Independent Review Panel exonerates Adesina

    Julius AlagbeBy Julius AlagbeJuly 28, 2020Updated:October 15, 2025No Comments2 Mins Read
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    Afdb: Independent Review Panel Exonerates Adesina
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    AfDB: Independent Review Panel exonerates Adesina

    The Independent Review Panel set up by the Bureau of Governors of the African Development Bank (AfDB), has exonerated President of the Bank, Dr Akinwumi Adesina of any ethical wrongdoings.

    This is contained in the panel’s report made available to the News Agency of Nigeria (NAN) on Tuesday.

    The Independent Review Panel was constituted following a complaint by the United States, to review the process by which two previous organs of the Bank – the Ethics Committee of the Board, and the Bureau of the Board of Governors had previously cleared Adesina.

    The three-member Independent Review Panel was headed by Mary Robinson, who is a former President of the Republic of Ireland, a former United Nations High Commissioner for Human Rights.

    Other members were the Chief Justice of the Supreme Court of Gambia, Mr Hassan  Jallow and Mr Leonard  McCarthy, a former Director of Public Prosecutions, and a former Director for the Office of Serious Economic Offences.

    The report of the Independent Review Panel stated that it concurred with  the Ethics Committee in  its  findings  in  respect  of  all  the  allegations  against  the President  and  found  that  they  were  properly  considered  and  dismissed.

    The panel added that it had considered  Adesina’s submissions on their face and found them consistent with his innocence as well as to be persuasive.Afdb: Independent Review Panel Exonerates Adesina

    A senior management staff at the Bank who pleaded anonymity, said the conclusions of this review panel were decisive and had now cleared 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. Read Also: AfDB’s Board of Governors deny asking Adesina to step down

    In January, 16 allegations of ethical misconduct were leveled against Adesina by a group of whistle-blowers.

    The allegations which were reviewed by the Bank’s Ethics Committee of the Board of Directors in March, were described as “frivolous and without merit.”

    The findings and rulings of the Ethics Committee were subsequently upheld by the apex Bureau of the Board of Governors in May, which cleared Adesina of any wrongdoing.

    AfDB: Independent Review Panel exonerates Adesina

    AfDB
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    Julius Alagbe
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    Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.

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