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Showing posts from March 11, 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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FINE COAT PAINT FACTORY IN ALAGBADO LAGOS,WAS ALMOST BURNT TO THE GROUND TODAY.

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                           These Alagbado fire outbreaks is becoming suspicious because last week,it was AIT studio that was on fire.The AIT studio started because of high voltage that affected the air-condition,today again,sources sent in some pictures,claiming that not less than few hours ago,''half of Fine Coat Paint factory,at Alagbado Casso bus stop in Lagos has been razed down by fire.The fire started from small and it increased by spreading to the other part of the building,burning half of the building''.From the pictures sent in,it's obvious the fire is thick and it must have destroyed a lot of properties.Even from a distance,you will notice the thick smoke.No official report has been issued,if anybody died or not in fire.One more photo below.           
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SENATOR OBANIKORO,CLEARED TO BE RE-APPOINTED AS A MINISTER BY THE SENATORS TODAY.

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                                        Today wednesday,Senator Musiliu Obanikoro was cleared by the Senators as a Minister after some Senators kicked against his appointment.The whole Chaos began when Senator Mark called on Senator Abdul Ningi,the leader of the Senate to kick off the the screening by reading the names of the four ministerial nominees scheduled for screening.The mention of the name of Obanikoro was met with shouts of No,no,no,by the APC Senators.This threw the Senate chambers into a rowdy session for some minutes.After order was restored,APC  Senators tried to stop the screening of Obanikoro.Senator Gbenga Ashafa,representing Lagos called the attention of the Senate President to a report of a suit against the confirmation of Obanikoro as a minister in a Lagos High Court by one Kemi Lawal.But the Senate President said he has not been served and he cannot act on a newspaper report.After much so much talks and delay on his screening,Senator President,went ahead to screen
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