US demands probe of AfDB chief’s conduct

African Development Bank president Akinwumi Adesina. PHOTO | FILE | NATION MEDIA GROUP

African Development Bank president Dr Akinwumi Adesina's hopes of securing a second term hang in the balance after the United States government demanded an independent probe into his conduct.

Although Dr Adesina seemed certain to secure another five-year term at the helm of Africa's foremost development finance institution after receiving endorsement from African heads of state, the decision by the US Treasury is a major road-block.