The move came after allegations of abuse of office by a whistle-blower at the bank including favoritism in hiring. Allegations which the head of the African Development Bank (AfDB), Akinwumi Adesina denied and were later cleared by an internal investigation.
The U.S. Treasury Secretary Steve Mnuchin however, following the results of the internal investigation signed a letter to the bank’s board on May 22 rejecting them and maintaining their stands of misconduct.
In the Mist of these allegations, President Muhammadu Buhari on Tuesday gave his backing to Mr. Akinwumi Adesina, in his re-election bid ( Adesina later this year plans to pursue a second term), a vote of confidence validating the bank head’s results over the past 5 years.
But why the United States?
Is the question many have asked. This is why:
The United States happens to be African Development Bank’s second-largest shareholder after Nigeria. President Muhammadu Buhari’s action just after the US is demanding a new independent investigation therefore shows a tied situation between the bank’s biggest shareholders- The US and Nigeria.
“President Muhammadu Buhari says Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank,” a statement from President Buhari’s office said.
While Adesina in a statement maintains, “I was exonerated, and any other investigation would amount to bending the rules of the bank, to arrive at a predetermined conclusion,”
Just like President Muhammadu Buhari, several former African heads of state and current presidents have signed a separate statement supporting Adesina. A move of solidarity and a vote of confidence on their part validating his office.