Nigeria’s Dr. Akinwunmi Adesina has been reaffirmed as President of Africa Development Bank, AfDB, for the second.

Adesina had been swamped in a web of controversies regarding corporate governance under his tenure at the bank leading to the setting up of a panel to investigate him.

However in a major win for Nigeria and his supporters, the investigative panel setup to review the US led rejection of the ethics committee report have found him not-guilty, exonerating him of all charges.

According to the concluding remarks in the report, the committee admitted the innocence of Dr. Adesina agreeing with the ethics committee report and clearing him of all charges.

It has considered the President’s submissions on their face value and finds them consistent with his innocence.

The panel reviewed about 16 allegations in total and dismissed all of them agreeing with the ethics committee findings. The ethics committee findings were not accepted by the United States