African Bar Association - Press Statement on the Crisis of the Africa Development Bank (AfDB)

Author:
AFBA
Publisher:
African Bar Association
Publication Date:
2 June 2020
Tags:
Nigeria, Banking and Insurance, Governance, United States, Canada and Africa

The position of the African Bar Association is that, though such Shareholders have a right of say in the affairs of the Africa Development Bank (AfDB), they however have no right to impose their views or private procedures on the Institution. The implication of the current imbroglio will spew more confusion if the so called independent Commission was to come out with a finding different from that of Bank's Ethics Committee. 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.

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