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What You Need to Know about Akinwumi Adesina’s Meeting with President Buhari

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President Muhammadu Buhari met with the President of African Development Bank (AfDB), Akinwumi Adesina, at the Presidential Villa, Abuja.

Adesina is currently at the centre of sundry allegations of misconduct at the Abidjan-based financial institution, of which he has denied. Despite the fact that the Bank’s Ethics Committee has declared him innocent, the US government is, however, pressing for a new investigation.

Well, his visit with the President is connected with the issue.

From his meeting with the president, Adesina pointed out that:

  • 16 allegations raised against him were trumped up, “and without facts, evidence, and documents, as required by the rules and regulations of the bank.
  • The Ethics Committee of the bank cleared him of all the allegations, and calls for fresh investigation by the United States of America, were against the rules.
  • His defense ran into 250 pages, and not a single line was faulted or questioned. According to him, “the law says that report of the Ethics Committee should be transmitted to the Chairman of Governors of the bank. It was done, and the governors upheld the recommendations. That was the end of the matter, according to the rules”.
  • It was only if he was culpable that a fresh investigation could be launched.
  • He was exonerated, and any other investigation would amount to bending the rules of the bank, to arrive at a predetermined conclusion.
  • He also stressed that the motive was to soil his name, and that of the bank.

Buhari expressed support for Adesina and commended him for his efforts to help secure funds for Africa to deal with the fallout from the pandemic. He also pledged to stand by him, in his bid to get elected for another term.

A statement signed by Femi Adesina, the SA on media and publicity, reads:


President Muhammadu Buhari says Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank (AfDB) The President spoke at State House, Abuja, Tuesday, while hosting Dr Adesina on a courtesy visit.

“In 2015, when you were to be elected for the first term, I wrote to all African leaders, recommending you for the position. I didn’t say because you were a People’s Democratic Party (PDP) Minister, and I belonged to the All Progressives Congress (APC), so I would withhold my support. I’ll remain consistent with you, because no one has faulted the step I took on behalf of Nigeria,” said President Buhari.

The President pledged that Nigeria would work with all other leaders and stakeholders in AfDB to ensure that Dr Adesina was elected for a second term built on the record of his achievements during his first term.

The African Union had already endorsed the incumbent AfDB President as sole candidate for the continent, but some other stakeholders are trying to ensure that Dr Adesina is re-investigated on some allegations, and rendered ineligible to run.

See out the video and photos from their meeting below:


Photo Credit: buharisallau

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