Nigeria scored a huge credit when the Minister of Agriculture, Mr. Akinwumi Adesina, was returned as the President of the African Development Bank (AfDB).
The battle was fought on integrity not performance as he was accused of corruption. He fought the battle and won the first round and won again to silence accusers.
He got the solid support of President Muhammadu Buhari after what looked like screening from his home president on the accusers. As soon as Buhari finally gave the nod, things began going swiftly well for the technocrat.
Mr Adesina emerged the winner unopposed at a virtual Annual General Meeting (AGM) of the Bank which held Thursday.
The head of the African bank had appealed Wednesday for a second term in office after a months-long storm over alleged corruption and poor governance which ended after he was cleared in an independent probe.
Speaking at the AfDB’s through a statement, Mr. Adesina stated that his second term request was being done ‘’with an acute sense of duty and commitment.”
He added: “I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me.’’
The former Minister was first elected to the exalted position in 2015 AfDB is one of the world’s five biggest multilateral lenders.
Mr Adesina attracted wide recognition last October when the AfDB secured $115 billion (105 billion euros) in funding pledges – a move that doubled the Baks’s capital and entrenched its triple-A credit rating.
The re-election of Adesina to the peak office of the 56-year-old bank was considered as a formality as he was the only contesting candidate.