Nigeria Finance Minister and African Nomineee ,Dr Ngozi Okonjo Iweala today failed in her bid to secure the Presidency of the World Bank as US President Nominee Jim Yong Kim has been elected to take over the position left by a fellow American..The former World Bank Managing Directpr had the support of the third world countries for her bid but lost to a lowly rated American nominee who had the full backing of USA and Europe.The seat has always been occupied by an American.