The Agricultural Development Bank PLC (ADB) has categorically denied allegations targeting the Bank and its Deputy Managing Director, Eno Ofori-Atta, labeling the claims as false and defamatory.
The controversy stems from recent staff terminations, which ADB clarified were Board-approved decisions taken during a regular meeting. The Bank reaffirmed that all its actions align strictly with laws, policies, and governance principles.
In a press release, the Bank described the accusations as malicious efforts to undermine its reputation and emphasized its steadfast adherence to professionalism, transparency, and regulatory compliance.
The statement also reassured stakeholders of the Bank’s commitment to fostering economic growth through agricultural and developmental initiatives.
It urged the public to disregard the circulating falsehoods, labelling them as malicious attempts to undermine 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 bank concluded.
ADB urged the public to disregard the allegations, calling them distractions from the Bank’s objectives. It further warned that it is prepared to take legal action against those propagating falsehoods.
Reaffirming its mission, ADB emphasized its focus on driving economic progress and maintaining trust among clients and partners.
