Browsing: Akinwunmi Adesina

The media has been awash with reports of all the remarkable decisions taken by the government, notably the removal of the humongous fuel subsidy through which some greedy oil merchants were cashing out at the expense of the poor the subsidy was meant to help, the unification of the multiple exchange rates where arbitrage walked on all fours and the signing into laws of landmark bills like the new electricity and Student Loans legislation.

If America and some other world powers come after you, you have every right to shiver in the broiling sun. It’s like Chief Olusegun Obasanjo telling you to dismount from the horse of leadership in Nigeria. Only a Muhammadu Buhari can look him straight in the eyes, and say: No sir. And survive it.

One of the hallmarks of seasoned, methodical people is patience, refusal to be rushed or stampeded. Since the alleged breach of ethics saga at the AfDB broke into the open, President Muhammadu Buhari had not said much, at least, not directly. He rather watched developments, got briefings, and weighed his options.

The Board of Governors and the Ethics Committee of the African Development Bank have given Dr. Akinwumi Adesina, the Bank’s President, a clean bill of health in a report dated May 5, wherein it is stated that Adesina has been “entirely exonerated of all allegations made against him.” The background to that development is useful and it is as follows:

South Africa’s President and African Union chairperson Cyril Ramaphosa and the Nobel peace laureate and former Liberian President Ellen Johnson Sirleaf have commended Akinwumi Adesina, President of the African Development Bank, for his visionary leadership and bold initiatives to accelerate Africa’s development and to support the continent through the COVID-19 crisis.