LAGOS JULY 28TH (NEWSRANGERS)-An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Development Bank (AfDB) of corruption, according to a report obtained by AFP. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm…
LAGOS JUNE 12TH (NEWSRANGERS)-The Vice President for Agriculture, the Human and Social Development at the African Development Bank (AfDB), Dr. Jennifer Blanke, has resigned her position. The bank’s Communications and External Relations Department made this known in a statement yesterday, saying Blanke’s resignation would take effect July 4, 2020. She was quoted as saying: “I…
LAGOS JUNE 5TH (NEWSRANGERS)-The African Development Bank on Thursday launched an independent inquiry into allegations of embezzlement and preferential treatment against its embattled president Akinwumi Adesina, who is seeking re-election in August, its board of governors said. The investigation into Adesina, a former Nigerian minister for agriculture, follows calls for a probe by Washington, and…
LAGOS JUNE 5TH (NEWSRANGERS)-The Vice President, Pan African Chamber of Commerce and Industry, Prince Adetokunbo Kayode, has said the American Treasury Department is mistaken about its call for a fresh probe of the President of the African Development Bank, Dr. Akinwumi Adesina, calling for engagement with Washington on the issue. The chamber leader in a…
LAGOS MAY 30TH (NEWSRANGERS)-The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, immaculate white shirts and an endless supply of colourful bow ties. But the…
LAGOS MAY 26TH (NEWSRANGERS)-The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of an internal inquiry…
LAGOS APRIL 8TH (NEWSRANGERS)-The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-The president of the African Development Bank Akinwumi Adesina is expected in the Ethiopian capital for the African Union’s 33rd Assembly of Heads of State and Government. The summit runs from 8-10 February 2020 under the theme: Silencing the Guns: Creating Conducive Conditions for Africa’s Development. Adesina will arrive in Addis Ababa with…