ADB threatens legal action as it denounces false claims against deputy MD

The Agricultural Development Bank PLC (ADB) has firmly denied allegations circulating against the bank and its deputy managing director, Mrs. Eno Ofori-Atta, describing them as baseless and defamatory.

In an official statement, ADB emphasized its dedication to professionalism, transparency, and strict regulatory compliance. 

The bank clarified that the recent dismissal of certain employees, which appears to have sparked these allegations, was a decision taken by the Board of Directors during a regular meeting.

ADB assured the public that all institutional decisions are made in accordance with applicable laws, regulations, and internal policies. The statement also praised Mrs. Eno Ofori-Atta for her exemplary performance and unwavering commitment to integrity since joining the organization.

“Mrs. Ofori-Atta has consistently demonstrated professionalism and diligence, qualities that align with the Bank’s values,” the statement highlighted.

Reaffirming its mission to support economic development, particularly through agricultural and other growth-oriented initiatives, ADB urged the public to disregard the false claims. It described the allegations as malicious attempts to damage the Bank’s reputation.

“ADB remains focused on its core mission and will not allow baseless accusations to distract from its goals.

"The Bank will not hesitate to pursue legal action against individuals or entities propagating these falsehoods,” the statement concluded.

The Bank encouraged stakeholders to dismiss the misinformation and reassured its clients and partners of its dedication to fostering economic progress and maintaining their trust.