OBJ and Others Asked AfDB and Adesina To Ignore the US Order
Nigerian former president Obasanjo and Prominent Nigerian International Finance community has argued AfDB to ignore the US request requesting for another investigation of Adesina after he has been exonerated.
Adesina, who is the president of the AfDB, was accused of favouritism and has been absolved of the allegations by the bank’s ethics committee. In separate letters seen by TheCable, the duo urged Kaba Niale, chairman of the AfDB board of governors, to follow laid down processes to protect and preserve the bank.
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| Chief Olusegun Obasanjo and Akinwunmi Adesina |
“The call for an independent
investigation of the president is outside of the laid down rules,
procedures and governing system of the bank and its articles as it
relates to the code of conduct on ethics for the president,” Ahmed
wrote.
In his letter, Obasanjo wrote: “Unfortunately, the US government, through the US treasury secretary, has written a public letter (that was also distributed to the press globally) to disagree with the conclusions of the ethics committee of the board of directors and the chairman of the board of governors of the bank.
Instead of accepting the exoneration of the president of the bank, they called for an independent investigation.
“This is outside of the rules, laws, procedures and governance systems of the bank. The US treasury secretary disparaged the bank and ridiculed the entire governance system of the bank which has been in place since 1964.
“This is unprecedented in the annals of the African Development Bank Group. If we do not rise up and defend the African Development Bank, this might mean the end of the African Development Bank, as its governance will be hijacked away from Africa.”
Obasanjo also advised that it is “critical” to emphasize the need for the AfDB to remain an “African-focused development bank rather than one which serves interests outside Africa.
In his letter, Obasanjo wrote: “Unfortunately, the US government, through the US treasury secretary, has written a public letter (that was also distributed to the press globally) to disagree with the conclusions of the ethics committee of the board of directors and the chairman of the board of governors of the bank.
Instead of accepting the exoneration of the president of the bank, they called for an independent investigation.
“This is outside of the rules, laws, procedures and governance systems of the bank. The US treasury secretary disparaged the bank and ridiculed the entire governance system of the bank which has been in place since 1964.
“This is unprecedented in the annals of the African Development Bank Group. If we do not rise up and defend the African Development Bank, this might mean the end of the African Development Bank, as its governance will be hijacked away from Africa.”
Obasanjo also advised that it is “critical” to emphasize the need for the AfDB to remain an “African-focused development bank rather than one which serves interests outside Africa.
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