AfDB Authorises Independent Review Of Ethics Committee Report On Adesina’s Conduct

 

The African Development Bank has agreed to an independent review of the report of its ethics Committee of the Boards of Directors relative to the allegations considered regarding the conduct of its president, Mr Akinwunmi Adesina. 

AfDB’s latest decision was disclosed in a communique signed by the Chairperson of the Bureau of the Boards of Governors, Niale Kaba.

According to the communique, the agreement to independently review the ethics committee report is based on the views of some governors on the matter and the need to carry every governor along in resolving it.

Below is the memo signed by the Chairperson of the Bureau of the Boards of Governors, Niale Kaba.

READ ALSO: Elumelu Urges AfDB To Stop ‘Harassing’ Adesina

“The Bureau reiterates that it agrees that the Ethics Committee of the Boards of Directors performed its role on this matter in accordance with the applicable rule under Resolution B/BG/2008/11 of the Board of Governors.

“The Bureau also reiterates that the Chairperson of the Bureau of the Board of Governors performed her role in accepting the findings of the Ethics Committee in accordance with the said Resolution.

“However, based on the views of some Governors on the matter and the need to carry every Governor along in resolving it, the Bureau agrees to authorize an Independent Review of the Report of the Ethics Committee of the Boards of Directors relative to the allegations considered by the Ethics Committee and the submissions made by the President of the Bank Group thereto in the interest of due process.

“The Independent Review shall be conducted by a neutral high calibre individual with unquestionable experience, high international reputation and integrity within a short time period of not more than two to four weeks maximum, taking the Bank Group’s electoral calendar into account.

“The Bureau agrees that, within a three to six month period and following the independent review of the Ethics Committee Report, an independent comprehensive review of the implementation of the Bank Group’s Whistle-Blowing and Complaints Handling Policy should be conducted with a view to ensuring that the Policy is properly implemented, and revising it where necessary, to avoid situations of this nature in the future.”

It would be recalled that the United States pressed for an independent probe into charges by whistleblowers.

These charges which had been declared as unfounded by an internal inquiry, include alleged embezzlement and favoritism under Adesina’s watch.

Some African leaders have pledged to support Adesina, and have kicked against the probe, saying that the call negates the ethics of the AfDB.

Adesina is yet to make any comment as regards the latest development, however, he has at other times denied that he partook of any corrupt practice.

The AfDB President in a recent press statement described the allegations as “unprecedented attempts” by some to tarnish his reputation.

He declared that he will continue to work with each and every one of the bank’s shareholders.

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

The AfDB’s latest position on the matter can be download below.

Communiqué de presse du bureau du Comité Directeur_BAD_ 4 06 2020_version Anglaise

Nigeria Will Stand By You, Buhari Tells AfDB President Adesina

AfDB President, Akinwumi Adesina Visits President Buhari in Abuja

 

President Muhammadu Buhari has assured Dr. Akinwumi Adesina of Nigeria’s support in his bid to seek a second term in office as the President of the African Development Bank (AfDB).

The President gave the assurance on Tuesday through his Special Adviser on Media and Publicity, Femi Adesina, while hosting the AfDB President on a courtesy visit.

“In 2015, when you were to be elected for the first term, I wrote to all African leaders, recommending you for the position. I didn’t say because you were a People’s Democratic Party (PDP) Minister, and I belonged to the All Progressives Congress (APC), so I wouldn’t withhold my support.

“I’ll remain consistent with you because no one has faulted the step I took on behalf of Nigeria,” President Buhari said.

The President pledged that Nigeria would work with all other leaders and stakeholders in AfDB to ensure that Dr Adesina is elected for a second term based on the record of his achievements during his first term.

The African Union had already endorsed the incumbent AfDB President as the sole candidate for the continent, but some other stakeholders have held the opinion that Dr. Adesina should be re-investigated over some allegations, and rendered ineligible to run.

AfDB President, Akinwumi Adesina and President Buhari exchange Pleasantries

 

Dr. Adesina while giving a background on the development at the AfDB, explained that the 16 allegations raised against him were trumped up, “and without facts, evidence, and documents, as required by the rules and regulations of the bank.”

He added that while the Ethics Committee of the bank cleared him of all the allegations, a fresh investigation was called for.

“My defense ran into 250 pages, and not a single line was faulted or questioned. The law says that report of the Ethics Committee should be transmitted to the Chairman of Governors of the bank.

“It was done, and the governors upheld the recommendations. That was the end of the matter, according to the rules. It was only if I was culpable that a fresh investigation could be launched. I was exonerated, and any other investigation would amount to bending the rules of the bank, to arrive at a predetermined conclusion,” Dr Adesina added.

He stressed that the motive of a fresh investigation would be to soil his name and that of the bank.

The AfDB President, however, noted that he was proud to be a Nigerian and therefore, thanked President Buhari for his unflinching support.

“You helped me to get elected in the first place, and you have supported me robustly all along, and the African Union unanimously endorsed my re-election” he declared.

Speaking further, Adesina commiserated  with President Buhari on the death of the former Chief of Staff, Mallam Abba Kyari, and described the new Chief of Staff, Professor Ibrahim Gambari, as “a man of integrity, and of global standing.”

Buhari Celebrates AfDB President Adesina On 60th Birthday

AfDB

 

President Muhammadu Buhari has felicitated with the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, on the occasion of his 60th birthday.

In a statement issued on Wednesday by the Special Adviser to the President on Media and Publicity, Femi Adesina, President Buhari described Adesina as an uncommon leader due to his efforts in tackling poverty and hunger on the continent.

“The AfDB president demonstrates uncommon leadership qualities of modesty and foresight in tackling the challenges of hunger and poverty in Africa, and exudes unusual positive energy in devising policies, deploying resources and rallying leaders to improve the continent’s human development index,” the statement read in part.

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While praising him for “the many recognitions and awards over the years, both at home and abroad,” the President, however, urged Adesina “to stay focused on serving humanity with his talent, treasures and time, through which he has brought much pride to Nigeria and the continent.”

Buhari noted that Adesina has used his wisdom and expertise he gathered over time, especially as Nigeria’s former Agriculture Minister to develop the nation and Africa at large.

In joining staff, directors of the Bank and affiliated multilateral institutions in felicitating the AfDB boss, President Buhari prayed that “the almighty God will grant him good health and strength to realize his dreams for Nigeria and Africa.”

AfDB Records Capital Increase Of $208bn

 

The African Development Bank on Thursday announced the largest capital increase in its history, with an almost 125 percent jump from $93 billion to $208 billion.

AfDB President Akinwumi Adesina hailed “a historic day” for the bank and “a day of joy for Africa” at a press conference after the bank’s board of governors held an extraordinary meeting in Ivory Coast’s economic capital Abidjan.

He said the increase will give the bank “a lot of resources to go further in the development of our continent”.

Created in 1964, the AfDB is one of the five principal multilateral development banks in the world.

Its shareholders are the 53 African countries as well as 26 non-African states.

Its priorities are fighting poverty, improving living conditions and mobilising resources for the economic and social progress of its African member countries.

African Leaders Should Setup Youth’s Investment Banks, Says Adesina

 

President of the African Development Bank (AfDB), Akinwumi Adesina, has called on African Leaders and Governments to shift from youth’s empowerment to investments.

He made the call at the two-day Tony Elumelu Foundation Forum which held in Abuja.

Mr Adesina added that a special bank which focuses on young people’s asset should be established.

“It is time for African leaders and the Government to shift from youth empowerment to youth investments.

“And in trying to do that, I propose that it is time that we begin to set up Youths entrepreneurship and investments banks, banks where you walk into and they see assets and not liabilities.”

READ ALSO: 2019 Tony Elumelu Entrepreneurship Forum

He added that one key driver to encourage youth’s in business and economic growth, lending should be derisked.

“Where you walk into and they have faith and confidence in young people; who can actually help you to grow your business.

“What does this mean; we have to de-risk lending to businesses of young people.”

Nigeria’s Adesina Named World Food Prize Laurette

President of the African Development Bank, Dr Akinwumi Adesina, has been named the 2017 World Food Prize Laureate at a ceremony at the U.S. Department of Agriculture.

President of the Foundation, Kenneth Quinn, who presented the award, said Adesina won the prize “for driving change in African agriculture for over 25 years and improving food security for millions across the continent”.

Quinn added that he “grew up in poverty himself” and embarked on a journey to use his academic exposure to “lift up millions of people out of poverty, especially farmers in rural Africa”.

On his part, Adesina, 57, noted that Norman Borlaug who was an American agronomist, humanitarian and the founder of the prize, was a great mentor and inspiration to him.

In 1970, Borlaug was awarded the Nobel Peace Prize for his life’s work feeding the world through the scientific advancements of the Green Revolution.

Adesina, will receive the $250,000 award administered by the Des Moines-based World Food Prize Foundation at a ceremony at the state Capitol in October.

Present at the occasion were former Minister of Finance, Ngozi Okonjo-Iweala, and U.S. Secretary of Agriculture, Sonny Perdue, Congressmen, Ambassadors and members of the diplomatic corps.

Adesina was the Minister of Agriculture under the administration of former President Goodluck Jonathan.

He studied agricultural economics at the University of Ife in Nigeria, where he met his wife, Grace, whose father had served as agriculture minister under Nigerian President Olusegun Obasanjo.

Adesina went on to earn a master’s degree and a doctorate in agricultural economics at Purdue University in Indiana.

5th Africa CEO Forum To Kickoff March 20 In Geneva

5th Africa CEO Forum To Kickoff March 20 In GenevaHaving cemented its status as the foremost business personalities meeting dedicated to the development of the African private sector, the Africa CEO Forum is set to kick off its 5th edition, themed: “re-thinking Africa’s business model”.

The 2017 edition, set to take place in Geneva, would focus on how to succeed in this new economic cycle on the continent.

Slated to hold between March 20 and 21, the programme would bring together more than 1000 personalities, key decision makers in industry, finance and politics from the African continent and around the globe.

The Africa CEO forum 2017 would open the debate with the economic boom of the 2000s, the context of economic growth in Africa and the critical decisions that must be taken to reach rapid and sustainable growth.

Other themes to be discussed include: Unleashing innovation and the entrepreneurial potential of youth and women, making Africa more attractive for international investors, turning African stock exchanges into competitive powerhouses and creating the next generation of African exporters.

Find out more about the programme

The forum would also offer 20 sessions for debate and reflection, allowing participants to hit strategic topics for driving African corporate growth including: digital transformation, fintech, agri-business, private equity, emerging African champions, electricity and innovation.

Some of the African and international personalities slated to take part in the discussion and debate include:

President, African Development Bank, Akinwumi Adesina, CEO Unilever, Paul Polman, President, Mo Ibrahim Foundation, Mo Ibrahim, CEO, OTMT Investments, Naguib Sawiris, Chairperson, MTN, Phuthuma Nhleko, Co-Founder and Group Executive Director, Sahara Group, Tonye Cole, CEO, United Capital, Oluwatoyin Sanni, Chairperson, Firstbank, Ibukun Awosika, CEO, Mohammed Enterprises, Mohammed Dewji, CEO, Africa and Middle East, Orange, Bruno Mettling, CEO, MSC, Diego Aponte, CEO, Afreximbank, Benedict Oramah, CEO, Rougier, Marie-Yvonne Charlemagne, CEO, Stanbic IBTC Holdings, Sola David-Borha, CEO, Uchumi Supermarkets, Julius Kipng’etich, CEO, Cevital, Issad Rebrab, CEO, Casablanca Finance City Authority, Saïd Ibrahimi, CEO, NSIA, Jean Kacou Diagou.

For more information, visit the African CEO Forum website.

AfDB President Tasks Africa On Alternative Power Generation

Akinwunmi Adesina, AfDB, Africa, PowerThe President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has asked African nations to explore other sources of generating power.

He is also urging countries to device other means to move faster and unlock all the potential energy mix which lie untapped across the continent if Africa must meet the 10 gigawatts of electricity by 2020.

Light Up And Power Africa

Dr. Adesina told reporters on Monday at the 2016 AfDB meeting in Lusaka, Zambia, that Africa was currently seating on at least 11 terawatts of unutilised solar energy, 350 gigawatts of hydro and 150 gigawatts of wind power that must be unlocked.

He said proper planning of Africa’s power development was urgently required and attention must be paid to three key needs for power which are light, base load for industries and clean cooking.

Board of governors and officials from 80 member countries on the continent will converge over the next five days for the 51st AfDB’s annual meeting, with a key focus on energy and climate change. It will also focus on one of the regional bank’s high five priority areas which is to ‘light up and power Africa’.

Ninety-six per cent of Zambia’s nearly 2,400 megawatts of electricity is said to be sourced from hydro-power while Nigeria’s all time high of 4600 megawatts comes from hydro-power and gas.

In both countries, as in other African countries, other sources of power such as solar, coal, biomass, lignite and oil remain largely untapped.

With the 10 gigawatts target for Africa by 2020, African countries must hasten to meet the ‘light up and power Africa’ objective with the support of the African Development Bank.

Night Grazing Banned In Plateau State

grazingSecurity operatives have banned the movement of cattle and herdsmen after 7PM in Riyom, Barkin Ladi, Mangu and Jos South Local Government Areas of Plateau State.

The Commander of Operation Safe Haven, Major General Tagbo Ude, made the announcement during a town hall meeting between community leaders, village heads and Ardos of the affected communities as part of efforts to maintain law and order in the areas.

Top of the agenda at the meeting was the return of internally displaced persons ousted from both the Berom and Fulani settlements.

They also looked into the issue of maintaining peace and having an understanding between the cattle rearers and farmers especially during the rainy season.

During the interactive session some community leaders expressed concerns on issues of internally displaced persons returning to their homes, in spite of the assurances that it was safe for them return to commence.

Major-General Ude again allayed their fears on the destruction of newly built houses of returning displaced persons. He maintained that security operatives would be available to protect such structures.

He went ahead to read the riot act to perpetrators of such crimes, insisting that the security agencies would not condone any excesses.

The banning of night grazing was one of the agreements reached at the town hall meeting. Participants expressed hope that all concerned would adhere to the decisions taken and embrace peace for the sake of development.

Our Priority Is National Food Security – Buhari

BuhariPresident Muhammadu Buhari says the priority of his administration is to ensure food security in Nigeria before export of food products.

The President made the statement on Saturday while contributing to a Presidential Panel Roundtable on Investment and Growth Opportunities at the opening session of the ‘Africa 2016: Business for Africa, Egypt and the World’ at Sharm El-Sheikh, Egypt.

With Nigeria being a mono-economy, dependent on oil, and with a teeming unemployed youth population, he stressed that the way out of the current slump in the global oil market was for the administration to focus on agriculture and solid minerals development.

“The land is there and we need machinery inputs, fertilizer and insecticides,” he said.

Productive and Self-sufficient

On his opposition to the devaluation of the Naira, President Buhari noted that Nigeria could not compete with developed countries which produce to compete among themselves and could afford to devalue their local currencies.

“Developed countries are competing among themselves and when they devalue, they compete better and manufacture and export more.

“But we are not competing and exporting, but importing everything including toothpicks. So, why should we devalue our currency?” the President asked.

According to him, “we want to be more productive and self-sufficient in food and other basic things such as clothing. For our government, we like to encourage local production and efficiency”.

The President stated that those who had developed taste for foreign luxury goods should continue to pay for them rather than pressuring government to devalue the Naira.

He expressed optimism that Nigeria would get out of its current economic downturn, pointing out that another major problem militating against economic revival was the huge resources deployed towards tackling insurgency and international terrorism.

President Buhari commended the support being received from the international community in his administration’s fight against terror, as well as cooperation in tracing looted funds stashed away in foreign countries.

Responding to a question on his performance since he assumed office, he said that his administration had been quite focused on three fundamental issues of securing the country, reviving the economy and stamping out corruption.

“The message on corruption has been driven home vividly and Nigerians are very acceptable to the message,” he said.

President Buhari added that those accused of stealing public funds were cooperating by voluntarily providing useful information while investigations and prosecutions were going on.

In his address, the Egyptian President, Abdel-Fattah El-Sisi, said that Africa needed to concentrate on transforming into knowledge societies using innovation and research.

The Presidents of Gabon, Equatorial Guinea, Sudan and the Prime Minister of Ethiopia also participated at the Roundtable.

In his message, the President of the African Development Bank, Dr. Akinwumi Adesina, stressed that “Africa must think big, act big and develop big.”

Before departing Egypt, President Buhari and his Egyptian host, had a bilateral discussion on security, military cooperation, agriculture and solid minerals development.

Fayose Hails Jonathan’s Appointment As Leader Of Tanzania’s Election Observers

fayoseEkiti State Governor, Ayodele Fayose, has hailed the appointment of former President, Goodluck Jonathan as leader of a 33-nation observer mission to the general election to be held in Tanzania on Sunday, October 25.

Mr Fayose described the appointment as “a global recognition of the former president’s democratic credentials.”

He said, “Jonathan’s appointment to lead the Commonwealth observer team, comprising of 33 countries is in recognition of his remarkable role in the last presidential election, in which he conceded defeat, thereby saving Nigeria from catastrophe that even the international community thought would befall the country”.

Speaking through his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said that; “Jonathan should be celebrated and I am happy that the world is beginning to give him the deserved recognition and celebration less than five months after he left office”.

He said, Dr Jonathan’s courage and spirit of sportsmanship in accepting the outcome of the presidential election despite the obvious shortcomings, saved the nation from political chaos and violence, adding that; “Jonathan provided the foundation on which democracy is standing in Nigeria today and one is not surprised that he is being asked to lead the Commonwealth election observer team from 33 nations to Tanzania.

“Even if those who benefited from his show of love and commitment to the peace and development of Nigeria are paying him back with persecution and victimisation, I am happy that the former President and those who worked with him are being celebrated globally.

“Today, four of those who worked with Jonathan, who were called thieves by our friends on the other side, are holding top positions in international organisations.

“Mrs Omobola Johnson, the immediate past Minister of Communication Technology is a Honorary Chairperson of the Alliance for Affordable Internet (A4AI), a United States based global coalition; Ngozi Okonjo-Iweala, former Finance Minister now chair the Board of the Global Alliance for Vaccines and Immunisation, (GAVI), as well as Senior Advisor to Lazard, a 167-year-old global investment firm; Mrs Arunma Oteh, former Director General of Securities and Exchange Commission (SEC) is the Treasurer and Vice President of the World Bank and Dr Akinwumi Adesina, former Minister of Agriculture and Rural Development is President of the African Development Bank (AfDB).

Mr Fayose added: “I therefore congratulate Dr Jonathan and urge those presently holding power in Abuja to emulate him by putting Nigeria and its interests first”.

New AfDB President, Adesina Resumes, Promises New Deal For Africa

afdb presidentThe new President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has promised that the bank will launch a new deal on energy for Africa.

In a speech after his investiture as the 8th President of the bank, Dr. Adesina said his administration would focus on equality and financial inclusion across the continent.

The AfDB President, who is Nigeria’s immediate past Minister of Agriculture, underscored the need to rapidly transform agriculture into a business to speed up economic growth and lift millions of people out of poverty.

He announced that the AfDB would embark on innovative programmes and work within five priority areas, including the light up and power Africa project, feed Africa, integrate Africa, industrialise Africa and improve quality of life for the people of Africa.

Meanwhile, Nigeria’s Vice President, Professor Yemi Osinbajo, who witnessed the investiture alongside President Alassane Ouattara of Côte d’Ivoire and some state governors, urged the bank to encourage good governance and increase efficiency of its programmes to address salient issues in health, education, unemployment and agriculture.