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AfDB: towards the renewal of the mandate of President Adesina by formal vote

02/05/2020
Source : Financial Afrik
Categories: Rate

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The African Development Bank (AfDB) is moving towards a formal vote by secret ballot for the re-appointment of President Akinwumi Adesina. The ballot will be held either by electronic vote, as requested by non-regional members, or by physical vote, an option defended by the camp of the President of the AfDB. The vote will take place at the end of August.

The option of formal voting by secret ballot and electronically is defended by the majority of shareholders, in particular non-regional members (United States, Japan, France in particular). Arrived in 2015 and credited with a record capital increase in 2019, the President of the AfDB saw his balance sheet shaken by a particularly documented report from internal executives acting under the protected regime of “whistleblowers” provided for by the regulations of the African Development Bank.

In response to the rant that appeared in the “Africa” section of the newspaper Le Monde, President Adesina enlisted the services of the New York law firm Elie Whitney Debevoise to defend his rights. According to our information, the atmosphere is particularly tense between the presidency, the audit committee headed by the American Steven Dowd (remained unmoved by Financial Afrik's solicitations), and the ethics committee headed by the Japanese Takuji Yano , a discreet man who has the heavy task of making public a long-awaited investigation into the revelations contained in the whistleblowers' document.

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