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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LAGOS STATE GOVERNMENT,UNVEILS PLANS TODAY,TO BUILD MODERN HOUSES ON MAKOKO LAGOON.

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A house on Makoko waters               Today thursday,the Lagos state Government has unveiled plans to build modern houses on Makoko waterfront to curb the decay in the ghetto.Commissioner foe Physical Planning and Urban Development,Toyin Ayinde disclosed this at a news conference in Ikeja,Lagos.The housing scheme will be a replica of Lake Union Seattle,in the United States of America where houses are built on water in an organised manner.Toyin Ayinde said that the daily migration of people to the city of Lagos continues to have serious impact on the population and that all aspects of the economy,including the issue of accomodation are affected.''As a result of this,a lot of unplanned settlements and encroachments on both land and water by these immigrants have become a burden.The house built on the Lagos lagoon overtime in the Makoko area continued unabated and soon became worrisome due to the speedy and fast encroachment on this water way and further extension towards the PHCN high tension cable o the lagoon.Consequently,the ministry found it expedient to undertake a study of this development and tagg it HOUSE ON WATER''.Ayinde said the benefits of the project was to improve and enhance the living condition of the residents,to control development on the water ways,to increase the potential of the community economically,to protect the highly valued waterfront against pollution and wide spread contamination,to enhance water transportation and promote tourism.

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