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Business News of Friday, 5 June 2020

Source: www.mynigeria.com

AfDB Board clears allegations against Adesina but one hurdle remains

Adesina Adesina

The Bureau of the Board of Governors of the African Development Bank has cleared all allegations levelled against embattled President, Akinwumi Adesina.

The Board supported the Bank’s Ethics Committee report in accordance with the applicable rule under resolution B/BG/2008/11 of the Board of Governors. The Ethics Committee ruled in Adesina's favour.

Board Chair, Ms Niale Kaba, performed her role in also accepting the findings of the Ethics Committee in accordance with the said resolution.

However, Adesina is not free yet.

An independent review will be conducted on the process by which the Ethics Committee of the Board and the Bureau of the Board of Governors came to its rulings.

This will be followed closely by an independent and comprehensive review of the Bank’s Whistle-blowing and Complaints Handling Policy.

The Bank noted that its whistleblowers in contravention of bank rules, regulations and laws provided not a single piece of evidence compared to 250 pages of official supporting documentation by Adesina.

It stated the whistle-blower policy review is aimed at ensuring proper implementation of the policy and revised where necessary to avoid situations of this nature in the future.