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African Development Bank (AfDB ) Says President Not Asked To Resign

BBC: Africa’s largest multilateral lender the African Development Bank board says it has not asked its president, Akinwumi Adesina, to step down.

It said it was treating allegations levelled against Mr Adesina with the seriousness they deserve after the US rejected findings of a probe made into allegations of favouritism against him.

The bank’s ethics committee exonerated Mr Adesina of the claims.

In a statement, the bank’s board chairperson Niale Kaba said there’s no governance or constitutional crisis at the bank.

Mr Adesina is accused by a group of whistle-blowers of appointing relatives to strategic positions at the bank as well as giving contracts to acquaintances. He denies any wrongdoing.

The US holds a 6.5% stake in the bank, the second largest shareholding after Nigeria.

Denmark, Norway, Sweden and Finland – who are also shareholders – have also written to the Abidjan-based lender backing calls for an independent probe.

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