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 JUNE 2ND (NEWSRANGERS)-Nigerian reggae icon, Majek Fashek, is dead, his former backup singer, Monica Omorodion Swaida, has revealed. Writing in a Facebook post on Tuesday morning (Nigerian time), Monica, who is based in the US said: “I have been getting phone calls and text messages. How news flies. “It is true. I didn’t want…
LAGOS JUNE 1ST (NEWSRANGERS)-China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large volume state purchases of U.S. corn and cotton have also been put on hold,…
LAGOS MAY 31ST (NEWSRANGERS)- The European Union on Saturday called on the United States to “reconsider” the decision to sever ties with the World Health Organization over its handling of the coronavirus pandemic. President Donald Trump said Friday he was severing US ties with the WHO, accusing it of failing to do enough to combat…
LAGOS MAY 30TH (NEWSRANGERS)-The Trump administration plans to cancel the visas of thousands of Chinese graduate students and researchers in the United States who have direct ties to universities affiliated with the People’s Liberation Army. Rebecca Bernhard is a partner at the international law firm Dorsey & Whitney in both its immigration and labor and employment practices who…
LAGOS MAY 30TH (NEWSRANGERS)-Los Angeles County reported 50 additional coronavirus-related deaths Friday, bringing California’s total to more than 4,000 — a somber milestone in the months-long pandemic that has ravaged communities and local economies. More than half of the state’s deaths have occurred in L.A. County. The county also confirmed an additional 1,824 new cases,…
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…