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Former Nigerian Finance Minister, Zainab Ahmed, has been appointed as an Alternate Executive Director at the World Bank. She is set to begin her new role at the bank’s headquarters in Washington on July 10.
However, there have been allegations of impropriety, with some claiming that Ahmed nominated herself for the position without following proper procedures.
According to sources, the World Bank had requested nominations for three economists for the position several months before the end of President Muhammadu Buhari’s administration, but Ahmed allegedly kept the letter to herself and did not obtain the necessary approvals.
Despite these claims, a federal government source has defended Ahmed’s appointment, stating that she was validly nominated by the Ministry of Finance and approved by President Buhari.
The source also highlighted that the AED position is typically filled by former Ministers of Finance or Permanent Secretaries in the Federal Ministries of Finance, who have experience in development policy issues and World Bank decision-making.
Ahmed will be working under Ayanda Dlondlo, a former South African Minister who serves as the Executive Director.
