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Showing posts from February 4, 2015

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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THE LOWEST DEGREE ''PASS'',OBTAINED IN A UNIVERSITY,HAS NOW BEEN ABOLISHED BY THE N.U.C.

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                   According to sources,the National Universities Commission {NUC} has abolished the Award of Pass Degree in Nigerian Universities with the effect from the 2013/2014 academic session.Today wednesday the Vice Chancellor of Usmanu Danfodiyo University Sokoto,Prof Abdullahi Zuru,confirmed the rumors/ made the disclosure at 2014/2015 matriculation of 4,133 students of the institution.He said ''This has far reaching implications on the grading system of students in the universities.This means that the minimum pass mark for courses in the universities will now be 45 percent,that is,D-grade,instead of the previous 40 percent which was E-grade.It also means that the minimum class of Degree to be earned by students will now be Third class''.
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200 BOKO HARAM MILITANTS,KILLED BY CHAD ARMY YESTERDAY.

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                          Yesterday tuesday,Chad army killed more than 200 Boko Haram militants,and Chad also lost nine soldiers.Chad's army destroyed more than a dozen vehicles equipped with heavy weapons and some 100 motorcycles used by the militants in battles in the towns of Gambaru and Ngala.Militants also attacked the town of Fotokol in Cameroon today wednesday in the latest cross border incursion by the group,which operates near Nigeria's frontiers with Niger,Chad and Cameroon.The fighters attacked at around 5:am after the Chadian troops who were temporarily based there crossed over to Gambaru on tuesday.The Cameroon Information Minister Issa Tchiroma said through a telephone conversation to a pressman that ''The insurgents have been driven out.They tried to surprise us because the Chadian troops who were in Fotokol had crossed over to Nigeria''.
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