AfDB reelects Adeshina President

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

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

Adesina’s reelection on Thursday to the helm of the 56-year-old bank became a formality, being the sole candidate at the election.

The head of the African bank had appealed on Wednesday for a second term in office after months of 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 meeting, 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.

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. He had served as Minister of Agriculture under the Goodluck Jonathan administration before taking up the top job of the African bank.

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