The Leadership of the African Bar Association has deliberated on the needless controversy surrounding the affairs of the African Development Bank (AFDB), the Continent’s topmost Financial Institution.
The Association notes very clearly that the allegations formulated against the President of the Bank, Mr. Akinwumi Adesina had been thoroughly investigated by the Ethics Committee of the Bank which has the duty to look into such allegations as provided by the instruments which established and guides the operations of the Bank.
The position of the African Bar Association is that, though such Shareholders have a right of say in the affairs of the Bank, they however have no right to impose their views or private procedures on the Institution.
The implication is that Mr. Akinwumi Adesina, the current President of the Bank who is standing for Election for another term in office and is the sole Candidate for that election is being targeted for extraneous reasons.
The African Bar Association has opted at this critical time to stand with Mr. Akinwumi Adesina for the continued growth and overall success of the African Development Bank (AFDB).
