It is no longer news that World Bank President, former US Deputy Secretary of Defence and Nuhu Ribadu’s friend, Paul Wolfowitz, is due to step down from the plum job of ‘fighting’ poverty as World Bank President by the end of this month, following his indictment for the pay and promotion deals he approved for his mistress (deuxièm bureau in francophone parlance) and World Bank Libyan employee Shaha Riza.
For those who have always questioned the notion of a US controlled-World Bank fighting poverty in third world countries, the report of the World Bank committee that investigated the accusations of nepotism against Paul Wolfowitz, came as a heart-warming one as he was found to have "clearly and unequivocally " breached bank rules by arranging a sweet pay deal for his babe. The report came to light in spite of the shamefaced and sterile defence put up by him and his paymasters in Whitehouse and AIG Nuhu Ribadu’s infantile and unsolicited allocutus.
According to documents released by the bank, whose mission is to fight global poverty, Wolfowitz personally ordered a pay package worth nearly 200,000 dollars for Riza (Perhaps his own nifty way of fighting poverty in Libya). The package included an immediate 60,000-dollar pay increase and guaranteed promotions, eventually taking her up to the highest career rank of vice president, once she returned from an outside assignment to the US government. Riza stayed on the World Bank payroll during her external assignment from its Middle East arm to the State Department, which was designed to prevent conflicts of interest after Wolfowitz took charge of the bank in June 2005.
Based on the foregoing, there is no iota of credible doubt that Wolfowitz’s concept of integrity and moral conduct in a public office as elevated as the office of the Bank President stretches from mundane to bizarre levels. For Wolfowitz, a former University Don, former Pentagon deputy and an architect of the Iraq war who promised to clean up corruption in borrower nations after taking the helm of the multilateral bank in June 2005, the end seems to have come albeit too early, on the altar immorality-induced nepotism and irresponsible concupiscence. This embarrassing degree of moral aridity and hasty descent to the acme official misdemeanour has of late, become recurring decimals in the rise and fall of both public and private organisations around the world with global bodies and conglomerates in the US the worst hit.