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Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head (51460 Views)
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gaetano: 6:42pm On May 24, 2020 |
U.S. Treasury Secretary Steven Mnuchin rejected plans by the African Development Bank’s board to end an investigation into its president, Akinwumi Adesina, and called for an independent probe into allegations against him. https://www.bloomberg.com/amp/news/articles/2020-05-24/u-s-treasury-urges-independent-investigation-into-afdb-head?__twitter_impression=true 9 Likes 10 Shares |
flyingpig: 6:44pm On May 24, 2020 |
Yoruba amaka ![]() 106 Likes 5 Shares |
Obijulius: 6:51pm On May 24, 2020 |
This is going to end well. When Trump or any of his appointees accuse you of corruption forget it, you are corrupt. The AFDB was becoming a Chinese lackey and corruption can it be ruled. Akinwunmi goofed on this one. We move! No time for jokers! Let the better man take the office! 136 Likes 18 Shares |
freeze001(f): 7:05pm On May 24, 2020 |
Hmmm..here too? Let's see how it all plays out.
3 Likes 1 Share |
EsomahJD: 7:06pm On May 24, 2020 |
One of the finest man from Sw is going down. Nepotism infected country. 83 Likes 10 Shares |
Coder2Client(m): 7:13pm On May 24, 2020 |
what's gonna be the aftermath of the investigation? Well, I guess it's gonna be exoneration?
8 Likes 1 Share |
Coder2Client(m): 7:14pm On May 24, 2020 |
EsomahJD:you follow him down 26 Likes |
fallout87: 7:14pm On May 24, 2020 |
No one is asking the right questions. For one the US doesn't care for the most part about African (or foreign) interest unless they want to seize control or put their man in place. Why is this so important to Munchin? Mind you Munchin is a man who doesn't care about middle class or poor here in the US..... talk much Africans. 241 Likes 19 Shares |
seunmsg(m): 7:14pm On May 24, 2020 |
U.S. criticism of the bank’s internal processes follows comments by World Bank President David Mal in February that multilateral lenders including the AfDB tend to provide loans too quickly and, in the process, add to African nations’ debt problems. The bank rebutted the statements as “inaccurate and not fact-based.” Rubbish. This is simply a witch-hunt and nothing else. A comprehensive investigation was already conducted and Adesina was cleared of all the allegations. The US government is simply trying to impose a stooge just to be able to control the ability of the bank to African countries. The extract in bold clearly exposes their intention. Hopefully, African countries will unite to prevent the attempt to hijack the bank. 191 Likes 14 Shares |
fallout87: 7:16pm On May 24, 2020 |
Also I strongly doubt Munchin wants an actual independent opinion. If anything he wants one from a source which will help whatever agenda he seeks to complete.
44 Likes 1 Share |
Re: Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head by Nobody: 7:17pm On May 24, 2020 |
seunmsg:Let the independent investigator come in and present their findings. 27 Likes 4 Shares |
wickyyolo: 7:17pm On May 24, 2020 |
Nothing will happen to him.
13 Likes |
Re: Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head by Nobody: 7:18pm On May 24, 2020 |
fallout87:That is not how it works. The independent investigator will be chosen by the board of Adfb and will have to be approved by all the shareholders including USA. 31 Likes 1 Share |
EsomahJD: 7:18pm On May 24, 2020 |
Coder2Client:Did I share in his nepotic activities he's being accused of? 30 Likes 3 Shares |
omonnakoda: 7:22pm On May 24, 2020 |
RuudVanNisteroy:Nigeria is the biggest shareholder. Hmm Giving contracts to acquiantaces Appointing relatives That would never happen in America and America are not happy https://www.theafricareport.com/26297/afdbs-latest-controversy-string-of-accusations-against-its-president-akinwumi-adesina/ 14 Likes 4 Shares |
seunmsg(m): 7:31pm On May 24, 2020 |
RuudVanNisteroy: The board already conducted an independent investigation. The US is simply saying they want him indicted at all cost irrespective of the truth. It won’t happen. 88 Likes 7 Shares |
LibertyRep: 7:33pm On May 24, 2020 |
The ethics committee found nothing on him. But they must probe further, dig further just so to discover the stain. The fact that he's the only candidate for such a post may be threatening for those who do not want him. Akinwunmi should surrender himself for further scrutiny, finding him clean will further boost his image and credentials 37 Likes 4 Shares |
Re: Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head by Nobody: 7:34pm On May 24, 2020 |
seunmsg:It was conducted by the Ethics Commission of Afdb and not an independent investigator. 40 Likes 4 Shares |
omonnakoda: 7:37pm On May 24, 2020 |
RuudVanNisteroy:They complain there are too many Nigerians . His tenure ends this year and is due for renewal. America is saying Africans cannot manage their own affairs ? They don't like the findings so a new investigation should take place to find as they wish? 39 Likes 1 Share |
vedaxcool(m): 7:43pm On May 24, 2020 |
In other words he must be indicted be all means. I truly hope he wasn't giving contracts wrongly but it seems it had more you do with his rebuttal of the World Bank boss false assertion. African must take ownership of institutions that have been helpful, before some racist fellows destroy the modicum of sanity we are managing
54 Likes 5 Shares |
Re: Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head by Nobody: 7:45pm On May 24, 2020 |
omonnakoda:Only Africans will be appointed head of Afdb. A clean hand fears no false allegation, even if they call for 20 different investigations. If Akinwumi Adesina is above board, there is nothing that can be pinned on him. 31 Likes 3 Shares |
omonnakoda: 7:46pm On May 24, 2020 |
RuudVanNisteroy:So? What is American business Why should it be independent Are they to tell Africans what to do.? Nigeria is the largest shareholder and Buhari is satisfied Those people in the ethics committee are there to REPRESENT THE INTERESTS of the other shareholders It is the business of the shareholders ALL OF THEM 32 Likes 4 Shares |
Re: Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head by Nobody: 7:49pm On May 24, 2020 |
omonnakoda:America is the largest non-African shareholder in Afdb, so it is their business if processes are been circumvented. 35 Likes 6 Shares |
omonnakoda: 7:51pm On May 24, 2020 |
RuudVanNisteroy:I agree but what authority does America have to call for this? I believe this is to influence the choice of successor as he is up for renewal. I know an IT contrac was issued to a Russian firm and also a French company ALSTOM was sanctioned. So we must be mindful of context It is a similar strategy to what we see with the disinformation against the Chinese with coronavirus Just throw innuendos about. The question is What exactly is he alleged to have done Just one thing exactly 35 Likes 3 Shares |
Racoon(m): 7:52pm On May 24, 2020 |
omonnakoda:Akinwunmi Adeshina have done well hence to have nothing to fear.Well, there is need to allow independent investigators to investigate but the US is clearly on a witch-hunting. Meanwhile, Africa will continue to suffer when they refused to develop their economies but choose to go cap-in-hand begging for economic aids & loans 39 Likes 2 Shares |
omonnakoda: 7:55pm On May 24, 2020 |
RuudVanNisteroy:They are an insignificant shareholder They had the option of pushing their position through on the inside. They could have called for an independent investigation at the beginning Nigeria is the largest shareholder with 9% And Nigeria is content as are the majority of shareholders. The question we should ask is what exactly are the allegations? What is he supposed to have done 31 Likes 1 Share |
seunmsg(m): 7:58pm On May 24, 2020 |
RuudVanNisteroy: The investigation by the ethics committee was ordered by the board. Every organization has its internal process of investigating such issues. If the ethics committee of the bank find him clean, so be it. Why is the US government interested in finding him guilty at all cost? 26 Likes 3 Shares |
Re: Akinwumi Adesina: U.S. Treasury Urges Independent Investigation Into AfDB Head by Nobody: 8:00pm On May 24, 2020 |
omonnakoda:The fact Nigeria is content won't pacify the Americans. They view our leaders as fantastically corrupt anyway, they just returned $311 million of Abacha loot, just a few weeks ago. Only an investigation by a reputable independent investigator will pacify them. 25 Likes 6 Shares |
omonnakoda: 8:01pm On May 24, 2020 |
Racoon: Why is there NEED for independent investigation Explain that . That is an automatic assumption with superficial plausibility It is not necessarily true . It does not happen automatically in Western multilateral organizations The Afdb has long standing governance issues that the shareholders perhaps should sort out but the existing rules do not have a place for independent investigation. Ultimately it is down to the shareholders to decide that. They are not stupid 22 Likes 3 Shares |
DeLaRue: 8:03pm On May 24, 2020 |
seunmsg: The board of an organisation is part of the organisation. It is clearly not independent. If the USA, which I suspect is one of the largest shareholders 'urge' the AFDB to appoint an external independent investigator, the AFDB has no choice. The USA can mess up a lot of things for the AFDB irrespective of what China and other contributors decide to do. 18 Likes 4 Shares |
omonnakoda: 8:08pm On May 24, 2020 |
RuudVanNisteroy:It wont happen .That is not what would pacify them anyway What would pacify them is that Adeshina does not return and Afdb contracts go to AMERICAN firms They lost out to a Russian IT firm and are sour I only wish we learn from them and defend our interests as robustly If Adeshina returns the US will reduce and China will step in I am not even ing Adeshina but I read the whole thing and I cannot get my head around the allegations At worst they are charges of incompetence which are best decided by shareholders not inquiries Other things are appointing TOO MANY Nigerians I mean WTF? 38 Likes 5 Shares |
omonnakoda: 8:14pm On May 24, 2020 |
DeLaRue: Not sure what you mean by independent If there is a problem at any business it is the shareholders who decide how to sort it out not the public. As a shareholder the US had their say but not their way If there is a problem in Microsoft they sort it out INTERNALLY The board is there at Afdb to REPRESENT shareholders Is the US ON THE BOARD? I am all for an investigation but on this I think we need to stand up to the US . Buhari has already spoken on the matter. The timing of this is calculated to stop his return If an independent inquiry is started now when will it end? His tenure is almost over. 13 Likes 3 Shares |
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