Tag Archives: Akinwumi Adesina

AfDB President, Adesina react to allegation against Gowon.

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Days after the allegation was leveled against the former Head of State, Nigeria’s Former Agriculture Minister and the current head of AfDB, Akin Adesina has decided to speak out.

Noble Reporters Media reported few days ago that the former Head of State, Gen. Yakubu Gowon had looted the CBN when he was in charge.

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The allegation which was leveled against him by the British Minister for Africa, who was represented by Mr James Duddridge.

In a tweet he made on his twitter handle, he warned Nigerians to be careful of misinformation.

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He went on and made it clear that Gen. Yakubu Gowon is indeed a man a great honour, decency, honesty, amazing simplicity, humility and integrity.

He made it clear that he knows his well, as he regarded him as an elder statesman of Nigeria.

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He ended by making bit known to all that his honesty and integrity is impeccable.

Akin Adesina might be right in all he has said about the former Head of State, General Yakubu Gowon.

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But since the statement was released against him, he has said little or nothing regarding that allegation.

Nigerians are still waiting to hear what he has to say as it regards that kind of weighty allegation.

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#Newsworthy

AfDB: Adesina will not disappoint Africa – Jonathan.

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Former President Goodluck Jonathan has joined other African leaders and financial experts to congratulate the President of the African Development Bank (AfDB), Akinwumi Adesina on his re-election.

The ex-President, who joined virtually, during Adesina’s swearing-in ceremony on Tuesday, said he is confident the AfDB President will not disappoint Africa and the shareholders in the bank.

To Jonathan, Adesina made a lot of achievements within the first five years of his first tenure as the AfDB boss.

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While thanking members of the board and shareholders for re-electing him for another five-year tenure, the ex-President recalled that when Adesina served as Minister of Agriculture during his administration, he (Jonathan) knew what he (Adesina) is made of.

He also expressed the confidence that Adesina will perform better when given the mandate to serve for another term in office.

“Let me first congratulate Adesina for making history, for the number of achievements he made within the first five years.

“Let me also thank all the shareholders for supporting him. I believe that in his second tenure, he will even do better.

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“Dr Adesina worked with me as my Minister for Agriculture and I know what he is made up of. I believe he will not disappoint the shareholders,” he said.

Jonathan’s remarks come after Adesina was sworn-in as the newly re-elected eighth AfDB President for a second term.

The event was attended by Heads of States, Governors, Nigeria’s former Vice President, Atiku Abubakar, and over 200 external stakeholders who joined physically and virtually.

The Chairperson of the AfDB board of Governors and Ghana’s Finance Minister, Kenneth Ofori-Attah, administered the oath of office.


#Newsworthy…

AfDB: Tinubu hails Adesina amid re-election.

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Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB).

The National Leader of the All Progressives Congress (APC), Bola Tinubu, has congratulated Nigeria’s former Minister of Agriculture, Dr Akinwunmi Adesina, on his re-election as the President of African Development Bank (AfDB).

He said Adesina’s re-election for another term of five years was an affirmation of Africa’s confidence in his ability and commitment to the development of the continent.

Dr Adesina was re-elected on Thursday last week by the Board of Governors of the AfDB Group at its 2020 Annual Meetings in Abidjan, the capital of Cote D’Ivoire.

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In a passionate letter forwarded to Adesina at the weekend and personally signed by him, Asiwaju Tinubu said, “By way of this letter, please accept my heartfelt congratulations over your election to serve a second five-year as President, African Development Bank at the recent 2020 Annual Meetings of the AfDB Group.

“Your unanimous re-election by the Board of Governors, coming after ill-defined attempts to block your continuance, shows that if we remain vigilant and true to the collective purpose of the economic progress of the African continent, then fairness and justice will win out in the end.”

Tinubu described Adesina as a globally renowned economist who has demonstrated outstanding competence and professionalism during his first term, adding that his re-election was an affirmation of Africa’s confidence in his ability and commitment.

According to him, the AfDB president distinguished himself in his first term by driving to reshape the bank to be a more active catalyst for Africa’s development.

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The APC leader noted that Adesina focused on five development priorities known as the High 5s – Light Up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.

He said, “As AfDB President for another term, I urge you to continue in like manner. Continue to invest your cognitive abilities, immense skills, and robust energy in the development of Africa.

“Given the exigencies of the present moment due to the global pandemic, you must put your knowledge and creativity into fullest use that we work towards creating more employment for the people of this continent and remove them from the grip of poverty and its attendant difficulties.

“The AfDB must be at the policy and intellectual vanguard as we seek ways to contain both the public health and economic challenges of COVID-19.

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“For your re-election, we must also congratulate and applaud President Muhammadu Buhari and other present and past leaders in Africa who believed in you and worked assiduously for your success.

“This victory is not only yours, the AfDB group or Nigeria’s, it is victory for Africa itself. The continent deserves that our best and most able minds be able to serve and work for its betterment.

“I wish you an even more successful second term. May God be with you and may He help and guide you in the struggle against poverty and in our efforts to bring much-needed development to our continent and its people.

“Please rest assured of my highest regards always.”


#Newsworthy…

AfDB: ‘You Are A Pride To Yoruba, Nigeria’ – Makinde lauds Adesina.

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Oyo State Governor, Seyi Makinde, has congratulated the President of the African Development Bank, Dr. Akinwumi Adesina, following his re-election for another five-year term.

In a statement issued by his Chief Press Secretary, Taiwo Adisa, Governor Makinde said that the victory was well-deserved adding that the ‘world class technocrat’, remains a pride to Nigeria and the Yoruba race.

To Makinde, Adesina has raised the standards and brought about immense growth in the multilateral development finance institution, in the last five years of his first tenure.

The governor said he was not surprised that Adesina was re-elected to lead the bank for another term.

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While describing his leadership as insightful, Makinde said Adesina “could not have gone unnoticed by stakeholders and member-countries.”

President of the African Development Bank, Akinwunmi Adesina is being re-elected for another five-year term

“The victory is well-deserved, and it did not come to me as a surprise, because Dr. Adesina’s astute and visionary leadership at the bank, in the last five years, have been so convincing that member-countries cannot ignore them,” the governor was quoted as saying.

“As a technocrat and development enthusiast, Dr. Adesina deployed his wealth of experience towards raising standards across boards in the bank and these have translated into immense growth for the bank and development for member-countries.

“This victory, I am convinced, is a platform for Dr. Adesina and the AfDB to achieve more positive results and meet set targets. I wish him well in his endeavours.”


#Newsworthy…

AfDB: Buhari felicitate with Adesina on re-election.

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President Muhammadu Buhari on Thursday congratulated Akinwumi Adesina on his re-election as President of the African Development Bank (AfDB).

Adesina was unanimously returned as President earlier on Thursday during the bank’s 55th Annual Meetings, which is being held virtually due to COVID-19 restrictions.

In a statement signed by Presidential spokesman, Femi Adesina, President Buhari said news of the victory came during the Council of State meeting, which was attended by former heads of state, Senate President, governors, some Ministers, and senior government officials.

“He deserves it,” President Buhari said, leading a round of applause, after Secretary to Government of the Federation, Mr Boss Mustapha, announced the good news to the Council.

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“The President extends appreciation to the African Union for its endorsement of the AfDB President much earlier, and to shareholders of the bank who worked tirelessly to ensure the return of the visionary leader,” the Presidential statement said.

Adesina’s re-election was mired in controversy after he was charged with alleged ethical violations.

President Buhari met with Adesina in June 2020 amid investigation into the latter’s alleged ethical violations. He was later acquitted of all charges.

Amid the controversy, President Buhari endorsed Adesina, assuring him of the country’s support.

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And, after repeated investigations, the former Nigerian Agriculture Minister was cleared of all charges levelled against him, paving the way for his re-election.

“President Buhari believes Dr Adesina’s versatility, experience at both national and international engagements, will be further deployed to energize the pan-African financial institution, urging him to remain focused and steadfast in pursuing the noble goals of making life better for Africans through various development plans, already captured as High 5s,” the Presidency statement added.

“The President rejoices with family, friends and professional colleagues of Dr Adesina over the re-election, while commending members of staff and Board of Governors of the AfDB for their consistent support for the former Nigerian Minister of Agriculture and Rural Development, and his management team.

“While pledging full support of his government to ensure a successful tenure for the AfDB leadership, President Buhari prays that the Almighty God will continue to strengthen Dr Adesina and his team for greater good to the continent.”


#Newsworthy…

AfDB: Akinwumi Adesina thank supporters on his re-election.

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Nigeria’s Akinwumi Adesina has described his re-election as the President of the African Development Bank (AfDB) as historic and another call for selfless service to Africa.

Dr Adesina spoke about his re-election during the closing session of the 55th Annual Meeting of the bank which held virtually on Thursday.

“Of course, right now, the sound that is the loudest in my ears is the announcement of my re-election as President of the African Development Bank for a second term,” he said.

“We also made history by re-electing me by 100 percent votes. via a vote, I became the first President of the bank in its history to be re-elected by 100 percent votes of all its shareholders and I am most grateful and very appreciative.”

“This was very important; it shows the transparency of our bank, it shows your demonstrated weight of support behind my vision.

“It shows a very clear and strong mandate from all shareholders to go and implement the vision, it shows that all voices were heard, it shows that we are true to the constitutive test of our bank,” the AfDB president added.


#Newsworthy…

Akinwumi Adesina gets AfDB reelection as President.

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Akinwumi Adesina has been re-elected as President of the Africa Development Bank by its Board of Governors.

Presidential spokeswoman, Lauretta Onochie confirmed the news in a congratulatory tweet on Thursday.

The AfDB is currently holding its 55th Annual Meetings in Côte d’Ivoire virtually, due to COVID-19 restrictions.

Adesina’s re-election was mired in controversy after he was charged with alleged ethical violations.

However, after repeated investigations, the former Nigerian Agriculture Minister was cleared of all charges levelled against him, paving the way for his re-election.

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Adesina is the first Nigerian to hold the post of the bank’s President.

The AfDB, founded in 1964, is geared towards spurring “sustainable economic development and social progress” among member African countries.

Nigeria is the AfDB’s largest shareholder with 16.8 percent of rights, while Germany and the United States own 7.4 percent and 5.5 percent respectively.

AfDB president, Akinwumi Adesina

A Sense Of Duty And Commitment
On Wednesday, Adesina had made a case for his re-election to the AfDB’s Board of Governors, noting that he wanted to fulfil “his sense of duty and commitment.”

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“Five years ago, right here in Abidjan, you elected me president of the African Development Bank. It was a huge responsibility to shoulder. I promised that I would work tirelessly to accelerate Africa’s development. My vision, focused on the High 5 priorities, was my commitment, my promise, my compass,” Adesina said during a virtual session at the start of the Bank’s 2020 Annual Meetings.

“Time has passed so quickly,” he added, citing the Bank’s achievements in the five years of his presidency.

Some 18 million additional people now have access to electricity, 141 million people have received more advanced agricultural technology to improve food security, 15 million people have access to financing, 101 million now have access to improved transport, and 60 million people have gained access to water and sanitation, Adesina argued.

“Dear Governors, these Annual Meetings are my opportunity to offer you my services and seek a second term as President of the African Development Bank,” he said. “I do so with humility. I do so with an acute sense of duty and commitment. I do so to serve Africa and our Bank.”


#Newsworthy…

Presidency, AfDB kick as US demand probe.


Akinwumi Adesina, President of African Development Bank (AfDB), says he is innocent of allegations of corruption against him.

The former Minister of Agriculture in Nigeria said this in a statement he signed on Wednesday.

The United States Department of Treasury had called for an independent corruption probe of Adesina after he was cleared by the bank’s ethics committee.

Adesina noted that he was overwhelmed by the tremendous support received from around the world.

The president reiterated his absolute confidence in the integrity of the AfDB, its governance systems, rules and procedures.

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Appreciating shareholders’ support, Adesina said he remained positive that ultimately, the bank will emerge stronger than before and continue to support Africa’s development drive.”

Adesina disclosed that he draws great inspiration from his heroes, Nelson Mandela and Kofi Anan whose lives showed that people grow through pain.

“I am confident that fair, transparent and just processes that respect the rules, procedures and governance systems of the bank, and the rule of law, will ultimately prove that I have not violated the code of ethics of this extraordinary institution.”

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He assured that he will continue to work with all shareholders to ensure that AfDB maintains its global reputation and that its credible institutional and governance systems are reinforced.

The finance expert added that he would continue to work collectively with other stakeholders to fulfil the mission of the bank’s founders to accelerate and transform Africa’s development.


#Newsworthy…

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