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 earlier mired in controversy after he was charged with alleged ethical violations.
But, after repeated investigations, the former Nigerian Agriculture Minister was cleared of all charges levelled against him, paving the way for his re-election.
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.
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in…
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe…
The Ekiti State Government has reached an agreement with labour leaders in the state,…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has initiated the seventh…
Iraq is holding its first nationwide census in nearly four decades this week, a long-awaited…
Over 300 constituents of Akinyele/Lagelu Federal Constituency in Oyo State benefitted from a skill…