Why Adesina Won’t Be Contesting For Presidency
There are indications Tuesday that the President of the African Development Bank, Akinwunmi Adesina, will not be contesting the Presidency of Nigeria.
Some had also reported that Adesina visited Mamman Daura, the influential nephew of President Muhammadu Buhari last week to seek his support.
However, it was last learnt that Adesina will not be taking part in the Presidential screening of the APC slated for May 23.
This is because AfDB regulations bar its President from partisan politics.
Specifically, Paragraph 2 of Article 38 of the agreement establishing AfDB, titled ‘Prohibition of Political Activity; the International Character of the Bank’, states that “The Bank, its President, Vice Presidents, officers and staff shall not interfere in the political affairs of any member (country); nor shall they be influenced in their decisions by the political character of the member (country) concerned.”
Paragraph 3 of the article states that “The President, Vice Presidents, officers and staff of the Bank, in discharge of their offices, owe their duty entirely to the Bank and to no other authority.”
Similarly, the AfDB code of conduct bars its executive from partisan politics. Section 10 of the Code reads: “Although Executive Directors are elected representatives of governments from their constituencies, they shall during their tenure of office as executive directors refrain from participating in active politics in their home countries or elsewhere.”
Should Adesina seek to run for the office of President of Nigeria, he would need to resign his current position permanently, a risk it was learnt the top banker was not willing to take.
