Abidjan — The African Development Bank (AfDB) has agreed to an external review of an investigation that found no evidence of wrongdoing by its president, Akinwumi Adesina.

The decision comes two weeks after US treasury secretary Steven Mnuchin rejected the findings by the bank’s ethics committee and called for an independent probe of allegations that Adesina awarded contracts to friends and relatives. Several Western shareholders of the bank backed Mnuchin’s call, while Nigeria and other African shareholders rallied to support Adesina...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.