Home Current News Under-fire African Development Bank boss facing new graft probe

Under-fire African Development Bank boss facing new graft probe

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Under-fire African Development Bank boss facing new graft probeThe African Development Bank on Thursday launched an independent inquiry into allegations of embezzlement and preferential treatment against its embattled president Akinwumi Adesina, who is seeking re-election in August, its board of governors said. The investigation into Adesina, a former Nigerian minister for agriculture, follows calls for a probe by Washington, and must wrap up within a “maximum” of four weeks as the institution prepares to elect a new head, the board said in a statement. In April, whistleblowers submitted a 15-page report to the bank’s governors detailing alleged embezzlement, preferential treatment for fellow Nigerians in senior appointments, and the promotion of people suspected or convicted of fraud and corruption.

Source: yahoo.com/news