INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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FOREIGN TRIPS BY CIVIL SERVANTS ON GOVT EXPENSE,BANNED BY THE FEDERAL GOVERNMENT.

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                                    According to Mr Danladi Kifasi,who disclosed this information in a circula tiltled ''Restrictions on foreign trainings and international travels by public servants'',was issued to all Ministries,Departments and Agencies,MDA's,said it has become imperative to introduce a number of cost,saving measures following the recent development in the international oil market that has affected the revenue stream of Government.The Head of Service outlined some guidelines in the circular to be applied before any public officer shall travel out of the country on Government expense,explaining that''Proposals for participation or attendence of international conferences,seminars,workshops,study hours,training,presentations of papers,negotiating/signing of Memorandum of Understanding {MOU} abroadat Government expense,shall no longer be allowed except those that are fully funded by sponsoring/invitations organizations''.The circular further warned that no Ministry,Extra ministerial office,Department,Agency or Parastatals shall fund staff outside Nigeria for training at government expense whether or not that Agency draws funds from the Federal Government Budget or meets its financial needs from revenue generated by itself.One more photo below.                                          

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