Recent developments at the African Development Bank (AfDB), which emanated from attempts to derail and disrupt the premier Pan-African institution at a time that Africa and the world was addressing challenges posed by the COVID-19 pandemic are disturbing.
Information available to us clearly points to some elements bent on circumventing governance and procedures that are clearly articulated and well tested by the bank. The whole saga began when a whistleblowers made allegations of violations of procurement, contract issuance and recruitment procedures. These were promptly and thoroughly investigated by the Executive Board through its relevant committee and a determination made that they were were baseless.
However, a few individuals who were not satisfied by the Board’s findings and determination decided to pursue the issue outside the Bank’s processes and procedures by calling for an independent inquiry.
We reject this attempt to operate outside the law and which if not checked can destabilize a well functioning institution.
Under the leadership of President Akinwumi Adesina, the AfDB has made commendable strides and equally contributed to Africa’s quest for transformation and integration. The bank has been assessed and awarded a triple A, ( “AAA” ), by all major global rating institutions.
We support those leaders in Africa and around the world who have spoken up in support of President Adesina’s leadership. We urge him to relentlessly pursue the goals set out in his vision. We further urge those who have misguided agendas to cease and desist.