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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

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    Devise measures to stop fuel price increment  – COPEC to government

    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Stakeholders in real estate sector confident of a boost in 2021

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Don’t purchase unapproved COVID-19 vaccine – FDA cautions public

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

    Key reforms needed to exceed 1.4% World Bank growth forecast – Economist

    AfCFTA: GUTA calls for access to cheaper credit to be competitive

  • TECHNOLOGY

    Huawei Watch Fit; The perfect smartwatch for everyone

    A close look at the Huawei FreeBuds 3; World’s 1st open-fit active noise-cancellation earphone

    Ashigbey urges government to revise telecoms industry laws to boost growth

    Blend tech with fashion with the new Huawei Watch Fit

    Kick back and enjoy immersive entertainment for the whole family with the MatePad T 10s

    Cost of political adverts on social media to rise by 200% in next election – Maximus

    Huawei announces global release schedule of EMUI 11 update

    Experience powerful all-round performance with the New Huawei Y8s

    Hyundai launches first ever electric car in Ghana

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    World Bank plans to invest over US$5 billion in drylands in Africa

    Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana

    GUTA to commence cross-border trading with Nigeria

    Stakeholders charged to eliminate barriers likely to impede success of AfCFTA

    Ghana can benefit from ‎AfCFTA with hemp production – Business consultant 

    GUTA welcomes Nigeria’s decision to reopen its land borders

    C40 Regional Director for Africa, Mr Hastings Chikoko

    Accra and world’s major cities on track to keep global heating to 1.5°C – Report

    Nigeria to re-open land borders soon – President Buhari hints

    World Bank approves $60 million to strengthen resilience of Africa’s agricultural sector

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Top Nigerian banker Akinwumi Adesina cleared after corruption probe

July 29, 2020
in INTERNATIONAL
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The President of the African Development Bank (AfDB), Akinwumi Adesina, has been cleared of corruption charges after a review by an independent panel.

The US, one of the bank’s biggest shareholders, insisted on a new inquiry in April after an internal review cleared Akinwumi Adesina.

Whistleblowers had accused the Nigerian of giving contracts to friends and appointing relatives at the bank.

Mr Adesina is set to be re-elected for another five-year term in August.

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The 60-year-old banker, a former minister of agriculture in Nigeria, will be the sole candidate in the election.

A charismatic speaker, who is known for his elegant suits and bow ties, he has led the bank since 2015.

He had denied accusations against him, saying they were “attempts by some to tarnish” his reputation.

Eight things about Akinwumi Adesina:

  • First Nigerian to lead AfDB
  • Elected for five-year term in September 2015
  • Was Nigeria’s agriculture minister from 2011 until his move
  • Named Forbes Africa Person of the Year in 2013 for his “bold reforms” in farming sector
  • Was told by an academic in Nigeria he would never get into Purdue University as his maths was poor
  • Proved him wrong by getting into the prestigious US institution
  • Cancelled his admission to UK’s respected Cambridge University
  • Got his PhD in agricultural economics in 1988

The panel of three experts was made up of Ireland’s ex-President Mary Robinson, Gambian Chief Justice Hassan Jallow and Leonard McCarthy, formerly the World Bank’s integrity vice-president.

They backed the findings of the bank’s ethnic’s committee, which cleared Mr Adesina of all charges alleged by the whistleblowers in January.

“The panel concurs with the committee in its findings in respect of all the allegations against the president and finds that they were properly considered and dismissed by the committee,” their report concluded.

The report is a rebuff to US Treasury Secretary Steven Mnuchin, whose rejection of the committee’s original review led to their inquiry, the Bloomberg news agency reports.

Besides the core 54 African countries, the US is one of the 27 non-regional members of the AfDB and its second largest shareholder.

The bank finances projects in agriculture, health, energy, education, transport and other development sectors in Africa.

Source: BBC
Tags: AfDBAfrican Development BankAkinwumi Adesina

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