The head of the African Development Bank (AfDB), Akinwumi Adesina has been cleared of allegations of corruption by an independent panel of experts headed by a former Irish president, Mary Robinson.
He was accused in a report earlier this year of poor governance, impunity, personal enrichment and favoritism.
The panel also had Gambia’s Chief Justice Hassan Jallow and the World Bank’s integrity Vice President Leonard McCarthy as members.
“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,” the report concluded.
Adesina had always maintained that the charges brought against him were frivolous and he was innocent of them.
The AfDB has been involved in financing projects in agriculture, health, energy, education, transport and other development sectors in Africa, and Nigeria is the biggest shareholder of the bank.