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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DIRECTOR OF THE NATIONAL INLAND WATERWAYS AUTHORITY HAJIA CIROMA,RESIGNS TODAY.

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                       Hajia Inna Ciroma,the Director of NIWA,today wednesday tendered her resignation letter,with effect from May 28.This was contained in a statement signed by Mr Tayo Fadile,the authority's General Manager,Corporate Affairs,and made available to newsmen in Lokoja.The statement quoted the information from her letter of resignation addressed to the Secretary to the Government of the Federation {SGF}.It stated that the former minister of Women Affairs,thanked President Goodluck Jonathan,for giving her the opportunity to serve in that capacity.She assumed duty as the Managing Director of NIWA on May 13,2013 following her appointment by the president.Inna Ciroma,who is also a former National Women Leader of the Peoples Democratic Party {PDP},said her decision to resign was honourable and the right thing to do,the statement said.

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