Akinwumi Adesina: Why the US is targeting a flamboyant Nigerian banker
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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.
Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, immaculate white shirts and an endless supply of colourful bow ties.
But the clean public persona of the 60-year-old president of the African Development Bank (AfDB) is now being questioned after a string of corruption and abuse of office allegations from his own staff spilled into the open. Mr Adesina has denied all the allegations.
The board of governors of the 55-year-old institution met on Tuesday to discuss whether to bring in an outside investigator into the allegations concerning the Nigerian's conduct just days after the US rejected an initial inquiry that cleared him.
The prospects of an independent probe comes only three months before he was expected to be re-elected unopposed at its annual general meeting in August.
US at odds with Africa
The 20-point allegations of "impunity and bad governance" from unnamed employees have exposed a rift between Mr Adesina and ordinary staff.
The "Group of Concerned Staff Members of the AfDB" claimed that Mr Adesina has used the bank's resources for self-promotion and personal gain while also paying out huge but undeserved severance packages to staff who resigned mysteriously, and favouring his fellow Nigerians.
US Treasury Secretary Steve Mnuchin personally signed a letter to the board rejecting an internal investigation that cleared Mr Adesina."Mnuchin's move is significant because it has now cast a limelight on governance issues and on [the] importance of an independent investigation to uphold the integrity of the AfDB," said Barbara Barungi, the bank's former lead economist on Nigeria. "There are very few people that were willing to stick their necks out."Besides the core 54 African countries, the US is one of the 27 non-regional members of the AfDB and its second largest shareholder.
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