Akinwumi Adesina Re-elected As ADB President

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Akinwumi Adesina has been re-elected as the President of the African Development Bank(ADB) President for a second five-year term.

The election took place electronically on Thursday at the virtual annual general meeting of the bank.

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

“Nigeria’s Dr. Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB). With this re-election, he will spend another 5 years supervising the affairs of the Bank. Congratulations!” Presidential new media aide, Bashir Ahmad, tweeted,

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The head of the African bank had appealed on Wednesday for 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 AfDB’s annual meetings, Adesina formally requested a second term as president, declaring that he was “doing it 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, according to a statement issued by the bank.

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Adesina, the son of a farming family, became in 2015 the first Nigerian to head the bank, one of the world’s five biggest multilateral lenders and an important but often unseen player in economic development.

 

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