From the press statement (PDF)
This is why we are concerned with the recent developments at the Bank. Dr. Adesina,
who some whistleblowers alleged to have violated the Banks’ Code of Ethics, has firmly
and consistently declared his innocence of these allegations. The Ethics Committee of the
Board of Directors, a legal oversight body of the Bank, made up of representatives of
shareholders, cleared Dr. Adesina of all 16 allegations, declaring them as baseless and
unsubstantiated and exonerated him completely. The Chairman of the Board of Governors,
based on the report of the Ethics Committee, declared Dr. Adesina exonerated. We
understand that the Bank fully followed its rules, procedures and governing systems, which
have served it well since African countries established it in 1964.
Governance is all about respecting and abiding by rules, laws and established
governing systems of organizations. In the case of the AfDB, while differences may exist
among parties, the best way to address them is to first respect the rules, procedures and
governance structures of the Bank. To do otherwise will be tantamount to undermining the
Bank and its long and hard earned reputation, and that of its President.
The African Development Bank is a pride for all of Africa, and its President, Dr.
Adesina, has taken the Bank to enviable heights. At this critical time that Africa is battling
with COVID-19, the Bank and its President should not be distracted