• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Adesina gets second term as President of AfDB

The Matters Press by The Matters Press
August 27, 2020
Reading Time: 2 mins read
0
Egypt’s economic strides excite AfDB

Akinwunmi Adesina. AfDB's President

Akinwunmi Adesina. AfDB’s President

Tanko Momoh

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Incumbent President of African Development Bank (AfDB), Dr Akinwunmi Adesina, has been re-elected for another term of five years after he successfully went through a thorough integrity test.

60-year-old Adesina was re-elected by the AfDB’s governors at the 55th Annual Meetings which opened virtually on August 26, 2020.

The President had faced a probe which cleared him of mis

Adesina, who told the AfDB’s governors at opening of the meetings that was seeking re-election with a strong sense of duty, commitment and a call to serve Africa and the bank, selflessly.

Adesina appealed a second term in office after a months-long storm over alleged corruption and poor governance that ended after he was cleared in an independent probe.

In a speech at the meetings, Adesina said he was seeking a second term as president“ with an acute sense of duty and commitment”.

“I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me,” he said.

Adesina’s reappointment on Thursday at the helm of the 56-year-old bank is considered a formality as he is the sole candidate.

The former Nigerian agriculture minister was dull early in the year when whistle-blowers accused him of graft, poor management, personal enrichment and favouritism.

He was cleared by the organisation’s ethics committee, but the United States then intervened, demanding an independent investigation.

A three-person outside panel, led by former Irish president Mary Robinson alongside Gambia’s Chief Justice Hassan Jallow and the World Bank’s former integrity vice president, Leonard McCarthy, carried out its own review.

Its report, issued last on July 28, said Adesina had been properly investigated and that the panel “concurs with the (ethics) committee in respect of all the allegations” against him.

One of the sensational achievements is Adesina leading the general capital increase of the AfDB from $93 billion to $208 billion, the highest in the history of the Bank since 1964.

Tags: AfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Corruption caused Nigeria’s poor resource management

Osinbajo at NBA’s confab, speaks on Southern Kaduna, CAMA

Egypt’s economic strides excite AfDB

Historic speech of Adesina, AfDB President at inauguration

Recommended Stories

Stable petrol supply excites Buhari

Bridging payments for PMS remain – NMDPRA

December 3, 2021
Black cap group, 40 vehicles for Buhari’s campaign

Ban on vehicle importation through Seme border still in force – Customs

June 24, 2023
Nigeria to promote digital innovation, entrepreneurship – Pantami

COVID-19 spurs global digital payments – World Bank

June 29, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us