Opinion: Akinwumi Adesina: A Pawn In the Struggle of Two Elephants?, By Femi Kehinde
The AfDB is the key institution in the continent for trade and investment. For Steven Dowd, China is outpacing the U.S. in investing in Africa, and this must be curtailed by the United States… The U.S President Donald Trump and the U.S. Treasury Secretary Steven Munchin are ready allies in this operation to demolish Adesina and also prevent China’s further incursion into Africa’s development strides.
The University of Ife, established by an Act of Parliament of the Western Region in 1961, under the premiership of Chief Samuel Ladoke Akintola, admitted its first set of 244 students in September 1962, with five faculties, of which the Agriculture faculty was one. Hezekiah Oluwasanmi was succeeded by another great development economist, Professor Ojetunji Aboyade, who served between 1975 and 1978. Aboyade, who became vice chancellor against his personal wish and desire, having heard of his appointment on the radio on his way to Ibadan from Lagos, taught Economics in the University.
Former Nigerian president, Alhaji Shehu Shagari, as if a star gazer, fought against the inclusion of non-African countries in the shareholding structure of the AfDB, and predicted that the AfDB may one day be thrown into the belly of the imperialist nations that were then being considered as being shareholders.
He introduced some spectacular innovations to the sector that brought transparency to agribusiness, and supply chain around it, while making the Agriculture Ministry farmer-friendly. He was about rounding off his term as the Nigerian agriculture minister, when on May 28, 2015, he was elected the president of the African Development Bank and began his tenure in office there on September 1, 2015. The tenure would end in a few weeks time, in August.
Despite initial challenges, Akin Adesina ultimately became the first Nigerian to occupy the position of president of the African Development Bank, and the eighth elected president in 2015, with a five-year tenure. On February 10 and March 10 respectively, having responded to these petitions through his legal counsel, the committee refused any legal representation, but rather asked Adesina, to personally respond to the allegations. This he did by April 8 when he sent a 260-page memorandum to the committee, highlighting his responses to all the allegations. He said that the Petition was nebulous, malicious, and mala fide.
The allegations also queried how Victor Oladokun, a colleague of Adesina at the University of Ife, found his way into the employment of the African Development Bank. To the U.S., china is a relentless adversary that has captured a vast territory of Africa through cheap loans. But Adesina has wondered that, “if China is present in Africa, why is the U.S. absent?”
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