Former Nigerian Finance Minister Zainab Ahmed

Former Nigerian Finance Minister Zainab Ahmed Appointed as Alternate Executive Director at World Bank

In a significant development, Mrs. Zainab Ahmed, who recently served as Nigeria’s Minister of Finance, Budget, and National Planning, has been appointed as an Alternate Executive Director at the World Bank Group’s headquarters in Washington D.C., United States of America. Ahmed is expected to assume her new role on July 10.

However, the appointment has been met with allegations from an online platform, suggesting that proper procedures were not followed in securing the prestigious position. The former minister has dismissed these claims, emphasizing that they are false. Ahmed clarifies that her nomination was approved by President Muhammadu Buhari, and this approval was duly communicated to the World Bank.

In response to the allegations, Ahmed’s media adviser, Yunusa Tanko Abdullahi, reaffirmed the legitimacy of the appointment. Abdullahi stated that the World Bank, being a reputable organization, adheres to its own rules and processes. Additionally, he explained that individuals working at the level of an Alternate Executive Director must receive endorsement and approval from their respective governments, as they serve as representatives of their countries. In this case, President Buhari was notified about the vacant position in October 2022, and his approval for Ahmed’s appointment was obtained in April 2023. However, as per an understanding, Ahmed would assume the role after completing her tenure as minister.

Abdullahi’s statement further solidifies the fact that the former minister did not self-nominate nor approve her own appointment, as alleged. It confirms that President Buhari approved her selection as Nigeria’s representative in the position of Alternate Executive Director at the World Bank.

As the controversy surrounding the appointment unfolds, it is essential to note that the World Bank maintains its integrity by adhering to its established procedures, while governments play a crucial role in endorsing candidates for such positions. Ahmed’s appointment signifies her transition to a prominent international role, representing Nigeria at the World Bank and contributing to global development initiatives.

Key Highlights

  • Mrs. Zainab Ahmed, the immediate-past Minister of Finance, Budget, and National Planning, has been named an Alternate Executive Director at the World Bank Group headquarters in Washington D.C., USA.
  • Allegations have surfaced online claiming that due process was not followed in securing the prestigious position, but Ahmed has refuted these claims.
  • The former minister asserts that her nomination received approval from President Muhammadu Buhari, which was conveyed to the World Bank, and her media adviser also confirmed Buhari’s endorsement.
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