Business A.M
No Result
View All Result
Sunday, February 22, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

AFDB: FG engages U.S. to soften Adesina’s path

by Admin
July 29, 2025
in Frontpage

AFDB: FG engages U.S. to soften Adesina's path

The federal government has stepped up diplomatic efforts with the United States aimed at easing the current hard stance of the U.S. government to the Akinwunmi Adesina-led management of the African Development Bank (AfDB).

The U.S. has been on the offensive against Adesina who is due for relection in August for a second term of five years. The U.S., acting on a pettion by some staff accusing Adesina of corporate governance infractions, has been leading a block of shareholders to demand independent probe of the accusations after the bank’sethics committee and  board of governor cleared him of all charges.

The AfDB Board of governors, in a bid to carry all board members along, consequently authorised an independent review of the Ethics Committee report on Akinwumi, who is due for reelection as sole presidential candidate.

In a telephone conversation between US Secretary of State Michael Pompeo and minister of foreign Affairs Geoffrey Onyeama on Tuesday, the two top officials discussed the AfDB and the constructive role of multilateral initiatives in accelerating economic recovery and regional security.

A statement issued by the Office of the US Department of State Spokesperson, Morgan Ortagus, said Pompeo and Onyeama agreed that transparency and accountability would drive democratic and inclusive development.

The statement said the US also condoled with Nigeria over the recent Islamic State of West Africa (ISWAP) attacks in the North-east, the hot-bed of insurgency, which has led to the loss of many lives.

The statement read: “Secretary Pompeo expressed condolences for the loss of life in recent ISIS West Africa attacks in the northeast, and the two discussed Nigeria’s ongoing civilian protection and counter-terrorism efforts.

“Secretary Pompeo and Foreign Minister Onyeama reviewed Nigeria’s progress in fighting COVID-19 and the $30 million in recent U.S. assistance that has helped to strengthen Nigeria’s public health and humanitarian response.

“They also discussed the African Development Bank and the constructive role of multilateral initiatives in accelerating economic recovery and regional security, and they agreed that transparency and accountability will drive democratic and inclusive development.”

Admin
Admin
Previous Post

Inflation spikes by 12.40% as foods, transport, others cost more

Next Post

May’s FAAC disbursement to three tiers of govt stands at N547bn

Next Post

May's FAAC disbursement to three tiers of govt stands at N547bn

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026
GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M