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    I will stand by you, Buhari tells Adesina

    Chronicle EditorBy Chronicle EditorJune 2, 20204 Comments3 Mins Read
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    AfDB President Akinwunmi Adesina and President Muhammadu Buhari maintain social distancing during the visit of the former to Aso Rock
    AfDB President Akinwunmi Adesina and President Muhammadu Buhari maintain social distancing during the visit of the former to Aso Rock
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    President Muhammadu Buhari says Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank (AfDB).

    The President spoke at State House, Abuja, Tuesday, while hosting Dr Adesina on a courtesy visit.

    “In 2015, when you were to be elected for the first term, I wrote to all African leaders, recommending you for the position. I didn’t say because you were a People’s Democratic Party (PDP) Minister, and I belonged to the All Progressives Congress (APC), so I would withhold my support. I’ll remain consistent with you, because no one has faulted the step I took on behalf of Nigeria,” said President Buhari.

    The President pledged that Nigeria would work with all other leaders and stakeholders in AfDB to ensure that Dr Adesina was elected for a second term built on the record of his achievements during his first term.

    The African Union had already endorsed the incumbent AfDB President as sole candidate for the continent, but some other stakeholders are trying to ensure that Dr Adesina is re-investigated on some allegations, and rendered ineligible to run.

    AfDB President, Akinwunmi Adesina pays a visit to President Muhammadu Buhari
    AfDB President, Akinwunmi Adesina pays a visit to President Muhammadu Buhari

    Giving a background to what was happening in the bank, Dr Adesina, a former Nigerian Minister for Agriculture, said the 16 allegations raised against him were trumped up, “and without facts, evidence, and documents, as required by the rules and regulations of the bank.”

    He added that the Ethics Committee of the bank cleared him of all the allegations, and calls for fresh investigation by the United States of America, were against the rules.

    • Why the US is targeting Akinwumi Adesina

    “My defense ran into 250 pages, and not a single line was faulted or questioned. The law says that report of the Ethics Committee should be transmitted to the Chairman of Governors of the bank. It was done, and the governors upheld the recommendations. That was the end of the matter, according to the rules. It was only if I was culpable that a fresh investigation could be launched. I was exonerated, and any other investigation would amount to bending the rules of the bank, to arrive at a predetermined conclusion,” Dr Adesina said.

    Stressing that the motive was to soil his name, and that of the bank, the AfDB President said he was proud to be Nigerian, and thanked President Buhari for his unflinching support.

    “You helped me to get elected in the first place, and you have supported me robustly all along, and the African Union unanimously endorsed my re-election” he declared.

    While commiserating with President Buhari on the death of the former Chief of Staff, Mallam Abba Kyari, Dr Adesina described Professor Ibrahim Gambari, new Chief of Staff as “a man of integrity, and of global standing.”

    Presentational grey line

    AfDB’s 10 biggest shareholders:

    • Nigeria: 9.1%
    • US: 6.5%
    • Egypt: 5.5%
    • Japan:5.4%
    • South Africa: 4.9%
    • Algeria: 4.1%
    • Germany: 4%
    • Canada: 3.8%
    • Ivory Coast: 3.7%
    • France: 3.6%
    Presentational grey line

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    West Africa must embrace local processing, says Tinubu

    West Africa must embrace local processing, says Tinubu

    June 21, 2025
    Hot air balloon kills eight, injures 13 in tragic Brazil crash

    Hot air balloon kills eight, injures 13 in tragic Brazil crash

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    Amnesty International demands justice over killing of 12 travellers in Plateau

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    Mutfwang condemns killing of travellers in Plateau

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