I’ve Not Violated AfDB’s Code Ethics of the bank — Akinwumi Adesina

The President of the African Development Bank, AfDB, Dr Akinwumi Adesina, has denied violating any process of the bank.

Akinwumi insisted that he was innocent of allegations levelled against him.

In a statement,Adesina said despite unprecedented attempts by some to tarnish his reputation and prejudice the Bank’s governance procedures, he would continue working as the head of the organisation.

“I maintain my innocence concerning trumped-up allegations that unjustly seek to impugn my honour and integrity, as well as the reputation of the African Development Bank.”

“At this time, I remain confident that ultimately and as one collective, the bank will emerge stronger than before and continue to support Africa’s development drive.

While appreciating the support of the Bank’s shareholders,Adesina said “I will, therefore, continue to work with every one of our shareholders to ensure that the African Development Bank maintains its hard-earned global reputation

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“I draw great inspiration from my heroes, Nelson Mandela and Kofi Annan, whose lives have shown that through pain we grow.

“As Martin Luther King Jnr. once said, ‘the arc of the moral universe is long but it bends towards justice’.

The US Treasury Secretary, Steven Mnuchin, had spearheaded the push for an independent probe after openly rejecting the decision of the bank’s ethics committee to clear Adesina of the allegations.

Steven Mnuchin raised concerns that the wholesale dismissal of all the allegations without appropriate investigation might tarnish the reputation of the financial institution, presenting it as one that does not uphold high standards of ethics and governance.

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Nigeria is a major shareholder of the AfDB, Africa’s largest multilateral development financial institution, and Nigeria Government had backed Adesina for a second term as the bank’s president.

The investigation comes three months before the Abidjan-based bank’s annual meeting, at which Adesina is the sole candidate to extend his five-year term.

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