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Adesina Re-elected African Development Bank President
By Emmanuel Awosika
Akiwunmi Adesina has been as reelected President of the African Development Bank and will serve another five-year tenure at the helm of the bank’s affairs.
Adesina, whose term recently expired, was reelected by members who voted electronically at the AfDB’s virtual Annual General Meeting.
Earlier this year, Adesina was accused of financial misconduct, impunity, and mismanagement by a group of whistle-blowers in the bank.
However, a investigation panel headed by former Irish President, Mary Robinson, had dismissed all allegations leveled against Adesina, who is a former Finance Minister of Nigeria.
Adesina requested for a second term earlier on Wednesday at the AfDB’s annual meeting, stating he was “doing it with an acute sense of duty and commitment.”
“I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me,” he said in his address.
Adesina, famed for his fashionable clothing, is the first Nigerian to head the African Development Bank, becoming its President in 2015.
To date, the Africam Development Bank remains a key player in the African economy and is one of the biggest multilateral lenders in the world.
Since the start of the COVID-19 pandemic, the AfDB, under Adesina’s leadership, has created a $10 billion fund to lessen the economic impact of the pandemic on African nations.
