The Agricultural Development Bank (ADB) has addressed recent media reports regarding the renewal of a $750,000 contract in December 2024.
The Bank's Board of Directors issued a statement clarifying that the renewal process adhered to established regulations and was essential for maintaining critical services.
The Board further emphasized its commitment to professionalism and acting within its authority.
The statement assures stakeholders, including customers, shareholders, and the public, that the decision followed proper procedures.