Akinwumi Adesina: Why the US is targeting a flamboyant Nigerian banker

Akinwumi Adesina: Why the US is targeting a flamboyant Nigerian banker

The US and the African Development Bank have fallen out over allegations of corruption against the bank's Nigerian head, writes former BBC Africa Business editor Larry Madowo.. Besides the core 54 African countries, the US is one of the 27 non-regional members of the AfDB and its second largest shareholder.. The committee later carried out an investigation and declared that Mr Adesina was "totally exonerated of all allegations made against him" and recommended that the board of governors adopt its conclusions.. "We fear that the wholesale dismissal of all allegations without appropriate investigation will tarnish the reputation of this institution as one that does not uphold high standards of ethics and governance," Mr Mnuchin wrote back.. The whistleblowers have accused Mr Adesina of major conflicts of interest in his dealings with current and former employees, unethical conduct and preferential treatment.. The AfDB board meeting is said to have agreed to an independent investigation into the allegations concerning Mr Adesina's conduct after Denmark, Sweden, Norway and Finland supported the US position, Bloomberg news agency first reported.. Independent accountability measures strengthen institutions and reinforce their legitimacy". I am pleased the African Development Bank's Board agreed to take this important step," the Democrat